Form 4: Morningstar Executive Chairman Joseph Mansueto Sells Shares Under 10b5-1 Plan

Joseph Mansueto, Executive Chairman of Morningstar, Inc., sold shares of common stock on March 6th and 7th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Joseph Mansueto, the Executive Chairman of Morningstar, Inc., reported the sale of common stock on March 6th and 7th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 28, 2023.
• On March 6th, a total of 10,182 shares were sold in multiple transactions at prices ranging from $305.02 to $311.15.
• On March 7th, a total of 8,535 shares were sold in multiple transactions at prices ranging from $309.67 to $315.06.
• Following these transactions, Mansueto directly owns 10,781,498 shares of Morningstar common stock.
• Mansueto also indirectly owns 4,752,663 shares through grantor retained annuity trusts and 150,000 shares through trusts for his children.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, depending on market perception.

Key Dates