This cluster is routine and non-informative. The sales are tiny relative to market cap and coincide with a broad vesting/tax-withholding event across multiple executives. No bearish signal. Monitor for any subsequent 8-K filings that might indicate a material corporate event, but no action warranted.
Price Chart
Executive Summary
Two Morningstar insiders — Executive Chairman Joseph Mansueto and CFO Michael Holt — sold a combined $163K in open-market sales on May 15, 2025. The sales are trivial relative to Morningstar's $6.7B market cap (0.002%), and the cluster is driven by routine vesting and tax-withholding activity from the CEO and CAO on the same date, not by a shared bearish view. This is a routine liquidity event with no material signal.
Key Financial Metrics
Key Facts
- Executive Chairman Joseph Mansueto sold 704 shares at $167.49 for $118K on May 15, 2025.
- CFO Michael Holt sold 270 shares at $166.05 for $45K on May 15, 2025.
- Total open-market sales of $163K represent 0.002% of Morningstar's $6.7B market cap.
- CEO Kunal Kapoor received 18,216 shares via grants/awards (non-cash) and surrendered 3,699 shares for tax withholding on the same date.
- CAO Conan Wiersema also had tax-withholding and grant activity on May 15, 2025.
- The cluster is concentrated on a single date, consistent with a common vesting/blackout-window opening.
- No open-market purchases occurred in the cluster.
Financial Impact
Total open-market sales of $163K, or 0.002% of market cap — immaterial.
Risk Factors
- None from this filing — sales are de minimis and liquidity-driven.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MORN-1779234012536 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Insider Cluster | $206.89 $191.02 | ▼ −7.67% | ▼ −5.92% | $183.55 (−11.28%) |
Aug 7, 2026 7w ago | Insider Cluster | $201.03 $200.53 | ▼ −0.25% | ▲ +0.67% | $183.55 (−8.70%) |
Aug 5, 2026 8w ago | Insider Cluster | $199.33 $209.80 | ▲ +5.26% | ▲ +5.86% | $183.55 (−7.91%) |
Jun 25, 2026 14w ago | 8-K | $154.65 $167.57 | ▲ +8.35% | ▲ +7.09% | $183.55 (+18.69%) |
Jun 18, 2026 15w ago | 8-K | $153.41 $172.48 | ▲ +12.43% | ▲ +12.58% | $183.55 (+19.65%) |
May 27, 2026 18w ago | Insider Cluster | $180.11 $154.65 | ▼ −14.14% | ▼ −10.99% | $183.55 (+1.91%) |
May 22, 2026 19w ago | Insider Cluster | $177.74 $155.56 | ▼ −12.48% | ▼ −10.53% | $183.55 (+3.27%) |
May 22, 2026 19w ago | 8-K | $177.74 $155.56 | ▼ −12.48% | ▼ −10.53% | $183.55 (+3.27%) |
May 20, 2026 19w ago | Insider Cluster | $173.37 $153.55 | ▼ −11.44% | ▼ −11.77% | $183.55 (+5.87%) |
May 19, 2026 19w ago | Insider Cluster | $172.55 $153.68 | ▼ −10.94% | ▼ −11.68% | $183.55 (+6.37%) |
US Market Status
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