Morningstar (MORN) Director Anne L. Bramman Receives 1,505 RSUs

What Happened
Anne L. Bramman, a director of Morningstar, Inc. (MORN), was granted 1,505 restricted stock units (RSUs) on May 15, 2026. The RSUs were reported at $0.00 per unit (standard for equity awards) and represent a contingent right to receive shares of Morningstar common stock when the RSUs vest. This is an equity award (compensation), not a purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed 4 days after the transaction; Form 4s are typically due within 2 business days — this may be a late filing).
• Grant: 1,505 RSUs; reported price $0.00 (award).
• Shares owned after transaction: Not specified in this filing.
• Footnote: Each RSU converts to one share upon vesting; the RSUs vest in three equal annual installments beginning May 15, 2027.
• Transaction type: A = Award/Grant.

Context
RSU grants are a form of compensation and indicate the company is awarding equity to a director; they do not reflect an immediate cash purchase or sale. Vesting occurs over time (here, annually over three years), so the economic interest is contingent on future vesting events.