Form 4: Morningstar CFO Michael Holt Sells Shares for Tax Withholding

Morningstar's Chief Financial Officer, Michael Holt, disposed of 49 shares of common stock for tax withholding purposes following an RSU vesting.

Summary

• Michael Holt, Chief Financial Officer of Morningstar, Inc., disposed of 49 shares of common stock.
• The transaction occurred on September 1, 2025, at a price of $262.42 per share.
• These shares were withheld for taxes upon the vesting of a restricted stock unit (RSU) grant made on March 1, 2024.
• Following this transaction, Mr. Holt directly beneficially owns 5,502 shares of Morningstar common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) related to executive compensation, which has a neutral impact on company sentiment.

Related Party Transactions

• Michael Holt, Chief Financial Officer, disposed of shares to cover tax obligations arising from the vesting of restricted stock units, a transaction between an insider and the company.

Stakeholder Impact

• Minimal impact on shareholders as it represents a routine, non-discretionary tax withholding related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Morningstar, MORN, Michael Holt, CFO, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting