Kunal Kapoor - May 15, 2021 Form 4/A - Amendment Insider Report for Morningstar, Inc. (MORN)

Role
CEO, Director
Signature
/s/ Patrick Maloney, by power of attorney
Stock symbol
MORN
Transactions as of
May 15, 2021
Transactions value $
-$2,187,049
Form type
4/A - Amendment
Date filed
8/9/2021, 04:50 PM
Date Of Original Report
May 18, 2021
Next filing
Aug 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock (Restricted Stock Units) Award $0 +4.08K +4.18% $0.00 102K May 15, 2021 Direct F1, F3
transaction MORN Common Stock (Restricted Stock Units) Award $0 +947 +0.93% $0.00 103K May 15, 2021 Direct F2
transaction MORN Common Stock Options Exercise $0 +6.01K +5.85% $0.00 109K May 18, 2021 Direct F4
transaction MORN Common Stock Award $0 +3.01K +2.76% $0.00 112K May 18, 2021 Direct F5, F6
transaction MORN Common Stock Tax liability -$2.19M -8.93K -7.99% $245.02 103K May 15, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MORN Market Stock Units Award $0 +2.82K $0.00 2.82K May 15, 2021 Common Stock 2.82K Direct F7
transaction MORN Market Stock Units Award $0 +2.82K $0.00 2.82K May 15, 2021 Common Stock 2.82K Direct F7
transaction MORN Market Stock Units Options Exercise -6.01K -50% 6.01K May 18, 2021 Common Stock 6.01K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units fully vest on May 15, 2022.
F3 Due to an adminitrative error, this total is adjusted to correct the amount of shares beneficially owned by the reporting person from 101,793 to 101,766.
F4 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2018.
F5 Due to adminstrative error, this Form 4 is being amended to correct the amount of additional shares earned from 507 to 3005.
F6 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year perfomance period ending May 14, 2021 in excess of target under the terms of a market stock unit grant on May 15, 2018.
F7 The market stock units earned will be based in part on the company's cumulative total shareholder return for the three year performance period ending May 14, 2024.