Form 4: Morningstar CEO Kunal Kapoor Reports Stock Transactions
SEC Form 4
Morningstar CEO Kunal Kapoor reports acquisition and disposal of company stock and derivative securities.
Summary
- On May 15, 2025, Kunal Kapoor, CEO of Morningstar, Inc., acquired 4,985 shares of common stock in the form of restricted stock units.
- These restricted stock units vest fully on May 15, 2023.
- On May 16, 2025, Kapoor converted 6,667 market stock units into common stock.
- Also on May 16, 2025, Kapoor disposed of 6,901 shares of common stock at a price of $306.41 per share.
- Kapoor also acquired 7,477 market stock units on May 15, 2025, based on the company's cumulative total shareholder return for the three-year performance period ending November 14, 2028.
- Following these transactions, Kapoor beneficially owns 138,058 shares of common stock and 7,477 market stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending November 14, 2028.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Morningstar.
- Similar filings are made by executives at companies like FactSet, MSCI, and S&P Global, disclosing their stock acquisitions and disposals.
- The vesting schedules and performance-based equity grants are also standard practices in executive compensation packages across the financial services industry.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date related to market stock units. |
| 05/15/2023 | Vesting date for restricted stock units. |
| 05/15/2025 | Date of restricted stock unit acquisition and market stock unit acquisition. |
| 05/16/2025 | Date of market stock unit conversion and common stock disposal. |
| 11/14/2028 | End date for the three-year performance period related to market stock units. |
| 05/19/2025 | Date of signature on the report. |
Keywords
Morningstar, Kunal Kapoor, stock, restricted stock units, market stock units, Form 4, beneficial ownership, CEO
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