Joseph D. Mansueto Recently Sold $46 Million Worth of Morningstar Stock

Executive Chairman Continues to Trim Holdings

Transactions Total Over 10,000 Shares

Joseph D. Mansueto, Executive Chairman of Morningstar, Inc., has sold over 10,000 shares of company stock in recent trades. The transactions, which occurred on August 15th and 16th, resulted in the sale of Morningstar stock worth over $46 million.

Over the past several months, Mansueto has gradually reduced his holdings in Morningstar. According to recent filings with the U.S. Securities and Exchange Commission (SEC), Mansueto has sold a total of 3,356,937 shares of company stock, worth over $1 billion.

Mansueto remains the largest individual shareholder of Morningstar, with a stake of approximately 11%. However, his recent sales have reduced his ownership stake in the company. The reasons for Mansueto's stock sales are not known, but it is not uncommon for executives to sell shares to diversify their portfolios or for other financial reasons.

Morningstar is a leading provider of investment research and data. The company's stock has performed well in recent years, rising by over 50% since the beginning of 2020. Despite the recent sales by Mansueto, Morningstar's stock is still trading near its all-time high.

The transactions were executed in multiple trades, according to the filings. The sales were reported by NASDAQOMRN.