Insider Trends: Morningstar Insider Continues 90-Day Selling Trend
02:05 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, 10% Owner, Director and Executive Chairman, Joseph D Mansueto, executed a sale of 10,522 shares in Morningstar (MORN) for $2,753,461. Following the Form 4 filing with the SEC, Mansueto has control over a total of 18,862,709 shares of the company, with 18,712,709 shares held directly and 150,000 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $4,778 million.
During the most recent 90-day period, prior to the date of this filing, there have been 24 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 352,689 company shares by insiders. Relative to the preceding 90-day window of time, there were 36 transactions from 6 insiders which resulted in the net disposition of 368,560 shares.
This level of insider transactions is lower than the peer group average in the 21-company Professional Information Services peer group over the last 90-day period. Activity in the peer group averaged 118.3 transactions per company, and disposition of 106,161 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1289419/000128941921000090/xslF345X03/edgar.xml
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