Morningstar CFO trades stock and receives equity grants
Morningstar, Inc. Chief Financial Officer Michael Holt reported several equity transactions in common stock and stock-based awards.
Rhea-AI Filing Summary
Morningstar, Inc. Chief Financial Officer Michael Holt reported several equity transactions in common stock and stock-based awards. He sold 270 shares of common stock in an open-market transaction at $166.05 per share and now directly owns 12,325.949 common shares.
Holt exercised 243 market stock units into common stock and received compensation-related grants of 2,860 restricted stock units and 4,290 market stock units. The restricted stock units vest in four equal annual installments beginning on May 15, 2027, while the market stock units earned will be based on Morningstar’s cumulative total shareholder return over a three-year performance period ending May 14, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Holt Michael
Role
Chief Financial Officer
Sold
270 shs ($45K)
Approx. gross sale proceeds
$45K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units | 243 | $0.00 | $0.00 |
| Grant/Award | Market Stock Units | 4,290 | $0.00 | $0.00 |
| Grant/Award | Common Stock (Restricted Stock Units) | 2,860 | $0.00 | $0.00 |
| Exercise | Common Stock | 243 | $0.00 | $0.00 |
| Sale | Common Stock | 270 | $166.05 | $45K |
Holdings After Transaction:
Market Stock Units — 4,290 contracts (Direct);
Common Stock (Restricted Stock Units) — 12,352.949 shares (Direct);
Common Stock — 12,325.949 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning May 15, 2027.
- F2. Amount includes 12.949 shares that were inadvertently excluded from the reported amount of securities beneficially owned in prior Form 4 filings due to an administrative error.
- F3. Represents common stock earned from the vesting of market stock unit granted on May 15, 2023.
- F4. The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 14, 2029.
Key Figures
Shares sold: 270 shares
Sale price: $166.05 per share
Common shares owned: 12,325.949 shares
+3 more
6 metrics
Shares sold
270 shares
Open-market sale of common stock at $166.05
Sale price
$166.05 per share
Price for 270 common shares sold
Common shares owned
12,325.949 shares
Direct ownership after transactions
Derivative exercise
243 shares
Common stock from exercise of market stock units
Restricted stock units granted
2,860 units
RSU award vesting annually from May 15, 2027
Market stock units granted
4,290 units
Performance-based units tied to TSR through May 14, 2029
Key Terms
restricted stock unit, market stock units, cumulative total shareholder return, performance period, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
market stock units financial
"The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 14, 2029."
performance period financial
"for the three year performance period ending May 14, 2029."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
administrative error financial
"Amount includes 12.949 shares that were inadvertently excluded ... due to an administrative error."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock transactions did Morningstar (MORN) CFO Michael Holt report on this Form 4?
Michael Holt reported a mix of sales, exercises, and grants. He sold 270 shares of Morningstar common stock, exercised 243 market stock units into common shares, and received new grants of restricted stock units and market stock units as part of his equity compensation.
What new equity awards did Morningstar (MORN) grant to its CFO in this filing?
Morningstar granted the CFO 2,860 restricted stock units and 4,290 market stock units. Each restricted stock unit represents a right to receive one common share, while the market stock units are performance-based awards tied to Morningstar’s cumulative total shareholder return over a defined period.
When do Michael Holt’s Morningstar (MORN) restricted stock units vest?
The restricted stock units vest in four equal annual installments beginning on May 15, 2027. This means the award will convert into Morningstar common shares gradually over four years, aligning the CFO’s compensation with longer-term company performance and retention incentives.
How are Morningstar (MORN) market stock units earned for the CFO?
The market stock units are earned based on Morningstar’s cumulative total shareholder return over a three-year performance period ending May 14, 2029. The number of shares ultimately delivered depends on how Morningstar’s shareholder returns perform over that specified timeframe.
AI-generated analysis. How Rhea-AI works. Not financial advice.
