New insider Holt Michael claimed ownership of 6,948 shares (SEC Form 3)
$MORN
Investment Managers
Finance
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/01/2025 |
3. Issuer Name and Ticker or Trading Symbol
Morningstar, Inc. [ MORN ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 4,744 | D | |
| Common Stock (Restricted Stock Units)(1) | 689 | D | |
| Common Stock (Restricted Stock Units)(2) | 219 | D | |
| Common Stock (Restricted Stock Units)(3) | 592 | D | |
| Common Stock (Restricted Stock Units)(4) | 149 | D | |
| Common Stock (Restricted Stock Units)(5) | 555 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Market Stock Units | (6) | 05/15/2025 | Common Stock | 715 | (6) | D | |
| Market Stock Units | (7) | 11/15/2025 | Common Stock | 568 | (7) | D | |
| Market Stock Units | (8) | 05/15/2026 | Common Stock | 1,142 | (8) | D | |
| Market Stock Units | (9) | 11/15/2026 | Common Stock | 687 | (9) | D | |
| Market Stock Units | (10) | 05/15/2027 | Common Stock | 832 | (10) | D | |
| Market Stock Units | (11) | 11/15/2027 | Common Stock | 721 | (11) | D | |
| Explanation of Responses: |
| 1. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The amount listed represents the unvested portion of a grant of restricted stock units granted on May 15, 2021, the remainder of which vests on May 15, 2025. |
| 2. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The amount listed represents the unvested portion of a grant of restricted stock units granted on May 15, 2022, the remainder of which vest in equal annual installments on May 15, 2025 and 2026. |
| 3. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The amount listed represents the unvested portion of a grant of restricted stock units granted on May 15, 2023, the remainder of which vests on May 15, 2025, 2026 and 2027. |
| 4. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in full on September 1, 2025. |
| 5. Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in equal annual installments on May 15, 2025, 2026, 2027 and 2028. |
| 6. 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 15, 2025. |
| 7. 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 November 15, 2025. |
| 8. 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 15, 2026. |
| 9. 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 November 15, 2026. |
| 10. The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 15, 2027. |
| 11. The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending November 15, 2027. |
| Remarks: |
| Ex 24- Power of Attorney |
| /s/ Kathleen Peacock, by power of attorney | 01/10/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||