Morningstar, Inc. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| TSAY CAROLINE J | — | Sale | 600 | $218.48 | $131,088 | 3,745 | Dec 29, 2025 |
| Mansueto Joseph D | Executive Chairman | Gift | 27,775 | — | — | 8,238,232 | Dec 12, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 316 | $211.99 | $66,989 | 8,602,101 | Nov 25, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 566 | $212.82 | $120,456 | 8,602,865 | Nov 21, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 1,684 | $208.97 | $351,905 | 8,624,647 | Nov 19, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 6,969 | $213.32 | $1,486,627 | 8,632,487 | Nov 17, 2025 |
| Dunn Daniel Joseph | Chief Revenue Officer | Option Exercise | 346 | — | — | 15,005 | Nov 15, 2025 |
| Kapoor Kunal | CEO | Tax Withholding | 826 | $211.95 | $175,071 | 140,330 | Nov 15, 2025 |
| Wiersema Conan | CAO & PAO | Award / Grant | 471 | — | — | 1,887 | Nov 15, 2025 |
| Holt Michael | Chief Financial Officer | Option Exercise | 163 | — | — | 5,665 | Nov 15, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 140 | $216.60 | $30,324 | 8,639,456 | Nov 12, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 3,862 | $212.19 | $819,478 | 8,668,586 | Nov 11, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 52 | $212.75 | $11,063 | 8,679,397 | Nov 6, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 1,858 | $212.93 | $395,624 | 8,691,707 | Nov 3, 2025 |
| Wiersema Conan | CAO & PAO | Tax Withholding | 20 | $262.42 | $5,248 | 1,416 | Sep 1, 2025 |
| Holt Michael | Chief Financial Officer | Tax Withholding | 49 | $262.42 | $12,859 | 5,502 | Sep 1, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 100 | $261.67 | $26,167 | 9,319,541 | Aug 27, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 704 | $265.67 | $187,032 | 9,324,717 | Aug 20, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 2,757 | $258.96 | $713,953 | 9,344,724 | Aug 15, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 188 | $259.77 | $48,837 | 9,366,009 | Aug 12, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 3,509 | $259.84 | $911,779 | 9,383,582 | Aug 8, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 1,961 | $271.90 | $533,196 | 9,410,875 | Aug 4, 2025 |
| Mansueto Joseph D | Executive Chairman | Gift | 15,000 | — | — | 9,412,836 | Jun 30, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 202 | $305.06 | $61,622 | 9,428,880 | May 22, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 206 | $310.81 | $64,027 | 9,437,628 | May 19, 2025 |
| Kapoor Kunal | CEO | Option Exercise | 6,667 | — | — | 144,959 | May 16, 2025 |
| Wiersema Conan | CAO & PAO | Option Exercise | 45 | — | — | 1,522 | May 16, 2025 |
| Dunn Daniel Joseph | Chief Revenue Officer | Option Exercise | 1,241 | — | — | 15,512 | May 16, 2025 |
| Holt Michael | Chief Financial Officer | Award / Grant | 897 | — | — | 5,472 | May 16, 2025 |
| TSAY CAROLINE J | — | Sale | 200 | $309.84 | $61,968 | 4,345 | May 15, 2025 |
| Diamonte Robin | — | Award / Grant | 620 | — | — | 10,194 | May 15, 2025 |
| FRANCIS CHERYL A | — | Award / Grant | 620 | — | — | 35,790 | May 15, 2025 |
| Landis Gail S | — | Award / Grant | 620 | — | — | 6,069 | May 15, 2025 |
| Kaplan Steven N | — | Award / Grant | 620 | — | — | 41,936 | May 15, 2025 |
| Sutton Doniel | — | Award / Grant | 620 | — | — | 3,826 | May 15, 2025 |
| JOYNT STEPHEN | — | Award / Grant | 620 | — | — | 5,138 | May 15, 2025 |
| Lyons William M | — | Award / Grant | 620 | — | — | 13,460 | May 15, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 6,242 | $309.30 | $1,930,651 | 9,450,989 | May 15, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 226 | $311.65 | $70,433 | 9,466,893 | May 13, 2025 |
| Holt Michael | Chief Financial Officer | Sale | 353 | $309.01 | $109,081 | 4,575 | May 12, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 1,422 | $308.11 | $438,132 | 9,478,125 | May 9, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 2,745 | $297.94 | $817,845 | 9,496,571 | May 7, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 310 | $292.98 | $90,824 | 9,513,106 | May 5, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 305 | $289.97 | $88,441 | 9,519,833 | May 2, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 263 | $284.84 | $74,913 | 10,028,864 | Mar 14, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 893 | $285.77 | $255,193 | 10,029,633 | Mar 12, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 956 | $304.03 | $290,653 | 10,047,526 | Mar 5, 2025 |
| Holt Michael | Chief Financial Officer | Award / Grant | 184 | — | — | 4,928 | Mar 1, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 7,472 | $310.57 | $2,320,579 | 10,065,098 | Feb 28, 2025 |
| Mansueto Joseph D | Executive Chairman | Sale | 999 | $324.61 | $324,285 | 10,072,968 | Feb 27, 2025 |