Wiersema Conan 4
4 · Morningstar, Inc. · Filed Nov 18, 2025
Insider Transaction Report
Form 4
Wiersema Conan
CAO & PAO
Transactions
- Exercise/Conversion
Market Stock Units
2025-11-15−12→ 0 totalExp: 2025-11-15→ Common Stock (12 underlying) - Award
Conmon Stock (Restricted Units)
2025-11-15+471→ 1,887 total - Award
Market Stock Units
2025-11-15+294→ 294 totalExp: 2028-11-14→ Common Stock (294 underlying) - Exercise/Conversion
Common Stock
2025-11-15+12→ 1,899 total - Tax Payment
Common Stock
2025-11-15$211.95/sh−28$5,935→ 1,871 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning November 15, 2026.
- [F2]Represents common stock earned from the vesting of a market stock unit grant on November 15, 2022.
- [F3]The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending November 14, 2028.