Mansueto Joseph D 4
4 · Morningstar, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Morningstar (MORN) 10% Owner Joe Mansueto Sells 14,500 Shares
What Happened
Joseph D. Mansueto, a reported 10% owner of Morningstar, sold a total of 14,500 Morningstar (MORN) shares in open‑market transactions on February 26–27, 2026. The individual lots ranged from 38 to 7,012 shares at prices between about $172.91 and $183.42; total proceeds were approximately $2,607,118. These disposals were effected pursuant to a pre‑arranged Rule 10b5‑1 trading plan.
Key Details
- Transaction dates: February 26–27, 2026 (filed with the SEC on Feb 27, 2026).
- Shares sold: 14,500 shares total.
- Total proceeds: ≈ $2,607,118.
- Price range/notes: reported prices ranged roughly $172.91–$183.42; several sales were executed in multiple trades and reported as weighted averages (see footnotes F2–F11). For certain lots the filer offered to provide full per‑trade details on request (F10–F11, etc.).
- Plan: Sales were made under a Rule 10b5‑1 trading plan adopted Nov 15, 2024 (footnote F1).
- Holdings after sale: the provided Form 4 excerpt does not state a single total “shares owned after” figure; the filing notes some shares are held in grantor retained annuity trusts and trusts for the benefit of the filer’s children (F12, F13).
- Timeliness: Filing date (Feb 27, 2026) is the same day as the latest reported sale and appears timely.
Context
As a 10% owner (large shareholder) rather than an executive trade, these transactions are disposals under a pre‑scheduled 10b5‑1 plan; such sales are typically routine and do not necessarily reflect a change in company outlook. The filer’s footnotes indicate multiple‑trade executions with weighted average prices and that more granular trade information is available on request.
Insider Transaction Report
Form 4
Mansueto Joseph D
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock
[F1]2026-02-26$172.91/sh−200$34,583→ 8,155,654 total - Sale
Common Stock
[F1]2026-02-26$174.58/sh−100$17,458→ 8,155,554 total - Sale
Common Stock
[F1][F2]2026-02-26$176.32/sh−1,615$284,756→ 8,153,939 total - Sale
Common Stock
[F1][F3]2026-02-26$176.90/sh−1,000$176,900→ 8,152,939 total - Sale
Common Stock
[F1][F4]2026-02-26$178.61/sh−3,014$538,335→ 8,149,925 total - Sale
Common Stock
[F1][F5]2026-02-26$179.38/sh−752$134,895→ 8,149,173 total - Sale
Common Stock
[F1][F6]2026-02-26$180.86/sh−121$21,884→ 8,149,052 total - Sale
Common Stock
[F1][F7]2026-02-26$181.81/sh−160$29,089→ 8,148,892 total - Sale
Common Stock
[F1][F8]2026-02-26$182.69/sh−288$52,615→ 8,148,604 total - Sale
Common Stock
[F1][F9]2026-02-27$181.55/sh−7,012$1,273,049→ 8,141,592 total - Sale
Common Stock
[F1][F10]2026-02-27$182.92/sh−200$36,585→ 8,141,392 total - Sale
Common Stock
[F1][F11]2026-02-27$183.41/sh−38$6,969→ 8,141,354 total
Holdings
- 6,282,935(indirect: By Trust)
Common Stock
[F12] - 150,000(indirect: By Trust)
Common Stock
[F13]
Footnotes (13)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2024.
- [F10]The transaction was executed in multiple trades at prices ranging from $182.3450 to $183.3300. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F11]The transaction was executed in multiple trades at prices ranging from $183.3800 to $183.4200. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F12]The shares are held in grantor retained annuity trusts for the benefit of the reporting person and his children. The reporting person serves as trustee of the grantor retained annuity trusts.
- [F13]The shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts.
- [F2]The transaction was executed in multiple trades at prices ranging from $175.6800 to $176.6300. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F3]The transaction was executed in multiple trades at prices ranging from $176.7150 to $177.2100. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F4]The transaction was executed in multiple trades at prices ranging from $178.1000 to $179.0900. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F5]The transaction was executed in multiple trades at prices ranging from $179.1600 to $179.9450. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F6]The transaction was executed in multiple trades at prices ranging from $180.3600 to $182.3200. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F7]The transaction was executed in multiple trades at prices ranging from $181.3600 to $182.3200. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F8]The transaction was executed in multiple trades at prices ranging from $182.4200 to $183.1300. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- [F9]The transaction was executed in multiple trades at prices ranging from $181.3100 to $182.2250. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
Signature
/s/ Kathleen Peacock, by power of attorney|2026-02-27