Form 4: Morningstar CFO Michael Holt Reports Stock Transactions
SEC Form 4 Filing
Michael Holt, CFO of Morningstar, Inc., reports the acquisition and disposal of company stock and derivative securities.
Summary
- On May 15, 2025, Michael Holt, the CFO of Morningstar, Inc., acquired 897 restricted stock units.
- On May 16, 2025, Holt converted 586 market stock units into common stock.
- Also on May 16, 2025, Holt disposed of 507 shares of common stock at a price of $306.41 per share.
- Following these transactions, Holt beneficially owns 5,551 shares of Morningstar common stock.
- Holt also acquired 1,346 market stock units on May 15, 2025, which will be based on the company's cumulative total shareholder return for the three-year performance period ending May 14, 2028.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. 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 May 14, 2028.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's recent stock activity, which investors may consider when evaluating their investment in Morningstar.
Stakeholder Impact
- Shareholders may be interested in the CFO's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/15/2022 | Date of original market stock unit grant that vested. |
| 05/14/2028 | End date of the three-year performance period for the market stock units acquired on May 15, 2025. |
| 05/15/2025 | Date of restricted stock unit acquisition and market stock unit acquisition. |
| 05/15/2026 | First vesting date for the restricted stock units acquired on May 15, 2025. |
| 05/16/2025 | Date of market stock unit conversion and common stock disposal. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SEC, Morningstar, Michael Holt, Stock Transactions, Restricted Stock Units, Market Stock Units, Common Stock, CFO
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