Every Form 4 that Morningstar, Inc. (MORN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MORN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MORN filings page.
Morningstar, Inc. (MORN) reported that its Chief Accounting Officer and Principal Accounting Officer, Conan Wiersema, had 29 shares of common stock withheld on September 1, 2026 to pay tax liabilities arising from the vesting of a restricted stock unit grant made on March 1, 2025. The shares were valued at $218.94 per share for this tax-withholding transaction, and Wiersema now holds 3,068 Morningstar common shares directly. No transactions were reported as being made under a Rule 10b5-1 trading plan.
Morningstar, Inc. (MORN) reported that its Chief Financial Officer, Michael Holt, had 54 shares of common stock withheld on September 1, 2026 to satisfy tax liabilities upon the vesting of a restricted stock unit grant made on March 1, 2025. This was a share disposition for tax withholding, not an open-market sale, and left Holt with 12,271.949 shares of Morningstar common stock held directly. No Rule 10b5-1 trading plan is reported in connection with this transaction.
Morningstar, Inc. (symbol: MORN) is the issuer of record for a Form 4 filing submitted to the SEC.
Morningstar, Inc. (MORN) reported that insider Joseph D. Mansueto, Executive Chairman and ten percent owner, sold a total of 5,659 shares of common stock on August 24, 2026. The shares were sold in multiple open-market transactions at weighted-average prices between approximately $216 and $221 per share under a Rule 10b5-1 trading plan adopted on November 19, 2025.
Morningstar, Inc. (MORN) reported that Executive Chairman and ten percent owner Joseph D. Mansueto sold 11,345 shares of common stock in the open market on August 20–21, 2026, across seven transactions at weighted average prices between $212.8663 and $217.5665. These sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in various trusts for the benefit of Mansueto and his children.
Morningstar, Inc. (MORN) reports that Executive Chairman and ten percent owner Joseph D. Mansueto sold an aggregate of 21,750 shares of common stock in 15 open-market transactions on August 17–19, 2026. The sales, executed at weighted-average prices between $206.8431 and $217.0109 per share, were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in grantor retained annuity trusts for his benefit and in trusts for his children.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of 14,500 shares of Morningstar common stock over August 13–14, 2026, in 12 separate transactions at weighted-average prices generally between the high $190s and low $200s per share.
All reported sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. The filing also notes indirect holdings in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
Morningstar, Inc. Executive Chairman and more-than-10% owner Joseph D. Mansueto reported open-market sales of Morningstar common stock totaling 15,474 shares over August 10–12, 2026, at weighted average prices between approximately $194.96 and $201.84 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
Morningstar executive chairman and director Joseph D. Mansueto, a more than 10% owner, reported open-market sales totaling 9,522 shares of Common Stock on August 6-7, 2026. The sales occurred in multiple trades at reported weighted average prices and were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Some shares associated with him are held indirectly in grantor retained annuity trusts and other trusts for the benefit of his children.
Morningstar, Inc. Executive Chairman, director and more-than-10% owner Joseph D. Mansueto reported open-market sales of a total of 21,750 shares of Morningstar common stock over August 3–5, 2026, in multiple transactions with weighted-average prices including $196.7240 and $201.9844 per share. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. On August 3, 2026, he also made a bona fide gift of 5,300 shares of common stock. Additional Morningstar shares are held indirectly in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
Morningstar, Inc. director William M. Lyons reported selling 1,000 shares of common stock on 2026-08-03 at $199.00 per share, in a transaction described as a sale in the open market or a private transaction. After this sale, he directly owns 12,904 shares of Morningstar common stock.
Morningstar, Inc. director William M. Lyons reported an open-market sale of 700 shares of Common Stock at $179.00 per share. After this transaction, he continues to directly hold 13,904 shares, indicating this was a relatively small adjustment to his overall position.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto reported open-market sales of a total of 9,520 shares of Morningstar common stock on May 21–22, 2026. The sales were made at prices ranging from $171.6700 to $179.8600 per share and were executed under a Rule 10b5-1 trading plan adopted on November 19, 2025.
After these transactions, Mansueto continues to hold more than 8 million Morningstar shares directly and also has indirect holdings through grantor retained annuity trusts and trusts for his children, which hold 150,000 shares and 6,277,675 shares, respectively.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto reported open-market sales of 21,228 shares of Common Stock over May 18–20, 2026. Reported sale prices include $173.1127 and $180.3891 per share, based on multiple trades each day.
The filing states these sales were made under a Rule 10b5-1 trading plan adopted on November 19, 2025, indicating they were pre-arranged rather than timed discretionarily. Following the sales, he holds 8,053,012 shares directly.
In addition, the filing shows indirect holdings of 150,000 shares in grantor retained annuity trusts for his benefit and his children, where he serves as trustee, and 6,277,675 shares in trusts for his children, where his spouse is trustee.
BRAMMAN ANNE L reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Anne L. Bramman received a grant of 1,505 restricted stock units, each representing a right to one share of Morningstar common stock. These units were awarded at no cash cost to her and increase her direct holdings to 1,505 shares-equivalent.
The restricted stock units vest in three equal annual installments beginning on May 15, 2027, meaning the award will fully vest over three years if service-based conditions are met. This is a routine, compensation-related equity grant rather than an open-market stock purchase or sale.
TSAY CAROLINE J reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Caroline J. Tsay received an equity grant of 1,144 restricted stock units, each representing the right to receive one share of Morningstar common stock. These units vest in three equal annual installments beginning on May 15, 2027. Following this award, she holds 4,888.5115 shares directly.
Kaplan Steven N reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Steven N. Kaplan received a grant of 1,144 restricted stock units of common stock as equity compensation. The award was recorded at a price of $0.0000 per unit, reflecting that it is a grant rather than a market purchase. After this grant, Kaplan directly holds 43,080 shares of Morningstar common stock. Each restricted stock unit represents the right to receive one share of common stock and will vest in three equal annual installments beginning on May 15, 2027, meaning the value of the award depends on Kaplan remaining eligible through the vesting dates and the future share price.
Morningstar, Inc. director Doniel Sutton received a grant of 1,144 restricted stock units of common stock on May 15, 2026 as equity compensation. Each unit represents a contingent right to one share and carries no cash exercise price. The units vest in three equal annual installments beginning May 15, 2027. Following this award, Sutton holds 4,970 shares of Morningstar common stock directly.
JOYNT STEPHEN reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Stephen Joynt received a grant of 1,144 restricted stock units of Morningstar common stock on May 15, 2026. Each unit represents one share and will vest in three equal annual installments beginning May 15, 2027. Following this award, he directly holds 6,282 shares.
Diamonte Robin reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Robin Diamonte reported receiving a grant of 1,144 restricted stock units of Morningstar common stock. Each unit represents a contingent right to receive one share of common stock. The restricted stock units vest in three equal annual installments beginning on May 15, 2027. Following this award, Diamonte directly holds 11,338 shares of Morningstar common stock, reflecting a routine equity-based compensation grant rather than an open-market transaction.
FRANCIS CHERYL A reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director Cheryl A. Francis received a grant of 1,144 restricted stock units of common stock on May 15, 2026 as equity compensation. Each unit represents a contingent right to one share, vesting in three equal annual installments beginning May 15, 2027. After this award, she directly holds 36,934 shares.
Lyons William M reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. director William M. Lyons received an award of 1,144 restricted stock units of common stock on May 15, 2026. Each unit represents a right to receive one share of Morningstar common stock.
The restricted stock units vest in three equal annual installments beginning May 15, 2027. After this grant, Lyons directly owns 14,604 shares of Morningstar common stock.
Morningstar, Inc. CEO Kunal Kapoor reported routine stock-based compensation and related tax withholding transactions. On May 15, 2026, he received 11,359 restricted stock units that fully vest on May 15, 2027, and 1,177 restricted stock units that vest in four equal annual installments beginning May 15, 2027.
Kapoor was also granted 17,039 market stock units tied to Morningstar’s cumulative total shareholder return over a three-year performance period ending May 14, 2029. He exercised 2,108 market stock units into common stock and had 3,699 shares withheld at $166.05 per share to satisfy tax obligations, ending with 154,974 common shares held directly.
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.
Morningstar, Inc. CAO & PAO Conan Wiersema reported routine equity compensation and related tax withholding. He received 903 restricted stock units and 451 market stock units on May 15, 2026, plus 13 common shares from vested market stock units. 105 shares were withheld at $166.05 per share for taxes, leaving 3,202 common shares directly owned.
Morningstar, Inc. Executive Chairman and major shareholder Joseph D. Mansueto reported open-market sales of a total of 14,500 shares of Morningstar common stock on May 14–15, 2026. The trades were executed at weighted average prices ranging from about $165.60 to $171.47 per share.
These sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025. Following the reported transactions, Mansueto directly holds 8,074,240 Morningstar shares and has additional indirect holdings through trusts totaling 150,000 shares in grantor retained annuity trusts and 6,277,675 shares in trusts for his children.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open‑market sales of a total of 18,502 shares of Morningstar common stock on May 8, 11 and 12, 2026, at prices around $176–$178 per share, under a pre‑arranged Rule 10b5‑1 trading plan.
Morningstar, Inc. executive chairman Joseph D. Mansueto reported open-market sales of 21,750 shares of Morningstar common stock. The sales occurred over May 5–7, 2026 at prices generally between about $166 and $180 per share. These transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025. After the direct sales, he continues to hold about 8.1 million shares directly, plus additional indirect holdings through grantor retained annuity trusts and trusts for his children.
Morningstar, Inc. executive chairman Joseph Mansueto reported planned stock sales. On May 1 and May 4, 2026, he sold a total of 14,500 shares of Morningstar common stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025.
The sales were executed at weighted average prices around $169–$174 per share. After these transactions, Mansueto continues to hold 8,128,992 Morningstar shares directly, plus additional indirect holdings through grantor retained annuity trusts for himself and his children.
Morningstar, Inc. Chief Financial Officer Michael Holt reported an open-market purchase of company stock. On March 4, 2026, he bought 1,000 shares of Morningstar common stock at an average price of $186.59 per share, increasing his direct ownership to 9,480 shares.
Holt Michael reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. reported that its Chief Financial Officer, Michael Holt, received a grant of 684 restricted stock units of common stock for no cash payment. Each unit represents the right to receive one Morningstar share and vests in full on September 1, 2027.
After this award, Holt directly holds 8,480 shares and units in total. This figure includes 2,204 securities that were listed in his initial Form 3 but were inadvertently left out of the beneficial ownership totals in later Form 4 filings.
Wiersema Conan reported acquisition or exercise transactions in this Form 4 filing.
Morningstar, Inc. chief accounting and principal accounting officer Conan Wiersema reported an award of 301 restricted stock units of common stock on March 1, 2026. These units carry no purchase price and vest in full on September 1, 2027 under the award agreement.
After this grant, Wiersema beneficially owns 2,286 shares, including 114 restricted stock units from a May 15, 2025 grant that were previously omitted from reported holdings in later filings.
Morningstar, Inc. Executive Chairman and major shareholder Joseph D. Mansueto reported an open-market sale of 3,122 shares of common stock at a weighted average price of $182.3161 per share. The trades were executed in multiple lots between $182.14 and $182.83 under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024.
After this sale, Mansueto directly owned 8,138,232 common shares. He also had indirect holdings through trusts, including 6,282,935 shares in grantor retained annuity trusts for his and his children's benefit, where he serves as trustee, and 150,000 shares in trusts for his children, where his spouse is trustee.
Morningstar, Inc.’s executive chairman and major shareholder Joseph D. Mansueto reported open-market sales of 14,500 shares of common stock in late February. The trades, all coded as sales, were executed on February 26 and 27, 2026 at prices generally between the mid‑$170s and low‑$180s per share.
The filing notes these sales were made under a Rule 10b5-1 trading plan adopted on November 15, 2024. After the transactions, Mansueto directly holds 8,141,354 Morningstar shares, and additional shares are held indirectly through trusts, including 6,282,935 shares in grantor retained annuity trusts and 150,000 shares in trusts for his children.
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.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of a total of 13,858 shares of Morningstar common stock on February 19–20, 2026. The trades, all coded "S," were executed at weighted average prices around $161–$162 per share under a Rule 10b5-1 trading plan adopted on November 15, 2024.
After these sales, his reported direct ownership stood at 8,170,354 shares. The filing also notes indirect holdings of 6,282,935 shares in grantor retained annuity trusts for his and his children’s benefit, where he serves as trustee, and 150,000 shares in trusts for his children where his spouse is trustee.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto reported open-market sales of 14,041 shares of Morningstar common stock in mid-February. The transactions were executed on February 17 and 18, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024.
The reported sales were broken into multiple trades, with weighted-average prices generally between approximately $157 and $163 per share, as detailed in the filing footnotes. All reported transactions involve non-derivative common stock and are classified as open-market sales.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto, a director and more than 10% owner, reported open-market sales of 14,189 shares of common stock on February 12–13, 2026, executed under a pre-arranged Rule 10b5-1 trading plan.
The weighted average sale prices ranged from $154.3500 to $160.1250 across multiple trades. Following these transactions, Mansueto directly holds 8,198,253 Morningstar shares, with additional indirect holdings of 6,282,935 shares in grantor retained annuity trusts and 150,000 shares in trusts for his children.
Morningstar, Inc. executive chairman and major shareholder Joseph D. Mansueto reported open-market stock sales under a Rule 10b5-1 trading plan adopted on November 15, 2024. On February 9, 2026, he sold 1,129 common shares at $164.5982 and 524 shares at $165.876. On February 10, 2026, he sold 3,214 shares at $162.8363.
Following these transactions, Mansueto directly owned 8,212,442 Morningstar common shares. He also had indirect ownership of 6,282,935 shares held in grantor retained annuity trusts for his and his children’s benefit, where he serves as trustee, and 150,000 shares in trusts for his children, where his spouse is trustee.
Morningstar, Inc. Executive Chairman, director, and 10% owner Joseph D. Mansueto reported multiple open‑market sales of Morningstar common stock from February 4–6, 2026 under a Rule 10b5‑1 trading plan adopted on November 15, 2024.
The transactions totaled 20,066 shares sold at per‑share prices ranging from $168.5265 to $188.1150. Following these sales, he directly owned 8,217,309 shares, with an additional 6,282,935 shares and 150,000 shares held indirectly in trusts for his benefit and his children.
Morningstar, Inc. executive chairman and 10% owner Joseph D. Mansueto reported small open-market sales of company stock. On February 2, 2026, he sold 439 Morningstar common shares at a weighted average price of $201.4725 and 418 shares at a weighted average price of $203.3404, both coded as open-market sales.
The filing states these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024. After these transactions, Mansueto directly held 8,237,375 Morningstar shares and also had indirect beneficial ownership of 6,282,935 shares held in grantor retained annuity trusts for his and his children’s benefit, and 150,000 shares held in separate trusts for his children.
Morningstar, Inc. reported an insider transaction by a director, 10% owner, and Executive Chairman involving 27,775 shares of common stock on 12/12/2025, coded "G" at a price of $0 per share. After this transaction, the reporting person beneficially owned 8,238,232 shares directly, 6,282,935 shares indirectly through a trust, and 150,000 shares indirectly through another trust.
The notes explain that in the fourth quarter of 2025 the reporting person contributed 1,500,000 Morningstar shares to a grantor retained annuity trust for the benefit of the reporting person and his children, and 1,165,192 shares were distributed to the reporting person from similar trusts, shifting some holdings from indirect to direct. The grantor retained annuity trusts are for the benefit of the reporting person and his children, with the reporting person serving as trustee, while separate trusts for the children are administered by the reporting person’s spouse.
Morningstar, Inc. (MORN) Executive Chairman, a director and 10% owner, reported multiple open-market sales of Morningstar common stock on November 20–21, 2025. The transactions were coded as sales and were carried out under a Rule 10b5-1 trading plan adopted on November 15, 2024. Shares were sold in numerous trades at weighted average prices reported between $209.8223 and $214.8368, with underlying trade prices ranging from $209.2200 to $215.0000. Following these transactions, the reporting person beneficially owns 8,602,417 shares directly and 5,948,127 and 150,000 shares indirectly through grantor retained annuity trusts and other trusts for family members.
Morningstar, Inc. (MORN) executive chairman and 10% owner reported open-market sales of company common stock. On November 18 and 19, 2025, the reporting person sold multiple blocks of Morningstar common stock at weighted average prices ranging from about $206.73 to $211.59, all coded as open-market sales under transaction code "S." These trades were carried out pursuant to a Rule 10b5-1 trading plan adopted on November 15, 2024, meaning the sales followed a pre-established schedule.
After these transactions, the reporting person continued to hold 8,616,917 shares directly, as well as large indirect positions held through various trusts, including 5,948,127 shares in grantor retained annuity trusts and 150,000 shares in trusts for the reporting person’s children.
Morningstar, Inc. (MORN) reported insider activity by its Chief Revenue Officer on a Form 4. On 11/15/2025, the officer acquired 346 shares of common stock at $0 through the vesting of a market stock unit grant originally awarded on November 15, 2022. On the same date, the officer disposed of 154 shares of common stock at a price of $211.95 per share. Following these transactions, the officer directly owned 14,851 shares of Morningstar common stock.
Morningstar, Inc. CEO Form 4 details equity award activity. On 11/15/2025, the reporting person acquired 1,861 shares of Morningstar common stock through the vesting of previously granted market stock units at a stated price of $0. On the same date, 826 shares of common stock were disposed of at $211.95 per share. After these transactions, the reporting person beneficially owned 140,330 shares of common stock directly.
In addition, 10,810 new market stock units were acquired, which may convert into common stock based on the company’s cumulative total shareholder return over a three-year performance period ending on November 14, 2028. The notes also clarify that the reported share total includes 1,237 restricted stock units scheduled to vest in full on May 15, 2026, which had been omitted from a prior report due to administrative error.
Morningstar, Inc. (MORN) reported insider equity awards and related share activity for an officer serving as CAO & PAO. On November 15, 2025, the officer received 471 restricted stock units, each representing one share of common stock, which will vest in four equal annual installments beginning November 15, 2026. The filing also shows 12 market stock units converted into common stock earned from a prior grant, and a sale of 28 common shares at $211.95 per share, typically used to cover taxes. In addition, the officer was granted 294 new market stock units tied to total shareholder return over a three-year performance period ending November 14, 2028, leaving 1,871 common shares and 294 market stock units beneficially owned directly after these transactions.
Morningstar, Inc. (MORN) CFO reported equity award activity involving common stock and market stock units on 11/15/2025. The filing shows 163 shares of common stock were acquired at $0 upon vesting of a prior market stock unit grant, and 73 shares were disposed of at $211.95, typically reflecting shares withheld to cover obligations. After these transactions, the CFO directly owned 5,592 shares of common stock.
The report also discloses derivative awards. A prior market stock unit award tied to 163 shares was settled, leaving no remaining balance from that grant. In addition, 1,946 market stock units were acquired, each linked to one share of common stock and expiring on 11/14/2028. The number of units ultimately earned will depend on Morningstar’s cumulative total shareholder return over the three-year performance period ending November 14, 2028.
Morningstar, Inc. (MORN) reported insider share sales by a director, 10% owner and Executive Chairman on a Form 4. The insider sold 6,969 shares of common stock on 11/14/2025 at a weighted average price of $213.3175, and 1,070 shares on 11/17/2025 at a weighted average price of $211.1233, both coded as open-market sales. These transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024. After the reported sales, the insider beneficially owns 8,631,417 shares directly, plus 5,948,127 shares held by grantor retained annuity trusts and 150,000 shares held in additional trusts.
Morningstar, Inc. (MORN) filed a Form 4 disclosing insider sales by its Executive Chairman, who is also a Director and 10% Owner. The reporting person executed multiple open‑market sales on November 7, 10, and 11, 2025 pursuant to a Rule 10b5‑1 trading plan adopted on November 15, 2024. The reported tranches reflect weighted average prices across ranges including $210.6400–$211.5900 and up to $217.1400–$217.1950.
Following these transactions, the reporting person beneficially owns 8,653,554 shares directly. Indirect holdings include 5,948,127 shares held by grantor retained annuity trusts and 150,000 shares held in trusts for the reporting person’s children, as disclosed.