Morningstar (MORN) chair Mansueto executes 14,500-share 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of 14,500 shares of Morningstar common stock. The sales occurred on February 24 and 25, 2026, across multiple trades, with individual transactions such as 1,395 shares at $162.3243 and 3,650 shares at $164.7189.
According to a footnote, these sales were effected under a Rule 10b5-1 trading plan adopted on November 15, 2024. After the reported sales, Mansueto directly owned 8,155,854 shares. He also indirectly held 6,282,935 shares in grantor retained annuity trusts for himself and his children and 150,000 shares in trusts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,500 shares ($2,351,702)
Net Sell
19 txns
Insider
Mansueto Joseph D
Role
Executive Chairman
Sold
14,500 shs ($2.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,395 | $162.3243 | $226K |
| Sale | Common Stock | 300 | $163.455 | $49K |
| Sale | Common Stock | 3,650 | $164.7189 | $601K |
| Sale | Common Stock | 1,102 | $165.4339 | $182K |
| Sale | Common Stock | 78 | $167.22 | $13K |
| Sale | Common Stock | 234 | $168.3833 | $39K |
| Sale | Common Stock | 130 | $169.708 | $22K |
| Sale | Common Stock | 104 | $170.7663 | $18K |
| Sale | Common Stock | 231 | $172.1598 | $40K |
| Sale | Common Stock | 26 | $172.87 | $4K |
| Sale | Common Stock | 442 | $156.917 | $69K |
| Sale | Common Stock | 2,298 | $157.9577 | $363K |
| Sale | Common Stock | 1,286 | $159.3196 | $205K |
| Sale | Common Stock | 1,965 | $160.5126 | $315K |
| Sale | Common Stock | 910 | $161.3588 | $147K |
| Sale | Common Stock | 347 | $162.4275 | $56K |
| Sale | Common Stock | 2 | $163.01 | $326.02 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,161,709 shares (Direct);
Common Stock — 6,282,935 shares (Indirect, By Trust)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2024. The transaction was executed in multiple trades at prices ranging from $156.5050 to $157.3600. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $157.5550 to $158.4500. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $158.8050 to $159.7000. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $159.9900 to $160.9800. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $161.0000 to $161.9900. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $162.0050 to $162.9850. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $161.9800 to $162.8950. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $163.1000 to $163.8350. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $164.1600 to $165.1200. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $165.1650 to $165.9500. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $166.9850 to $167.4200. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $168.1000 to $168.8500. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $169.3600 to $170.2100. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $170.4450 to $171.2600. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The transaction was executed in multiple trades at prices ranging from $171.7300 to $172.7000. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. The shares are held in grantor retained annuity trusts for the benefit of the reporting person and his children. The reporting person serves as trustee of the grantor retained annuity trusts. The shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts.
FAQ
What insider transaction did Morningstar (MORN) report for Joseph D. Mansueto?
Morningstar Executive Chairman Joseph D. Mansueto reported selling 14,500 shares of common stock in open-market transactions. The trades took place on February 24 and 25, 2026, and were reported on a Form 4 insider filing as non-derivative sales of Morningstar common shares.
What types of Morningstar (MORN) securities were involved in Mansueto’s Form 4?
All reported transactions involved Morningstar common stock as non-derivative securities. The filing lists multiple open-market sales of common shares and shows additional indirect holdings in trusts, with no derivative securities like options or warrants reported in this particular Form 4.