Chief Financial Officer · Morningstar, Inc. (MORN)

Michael Holt

FY2025 is the first fiscal year CompBrief holds for Michael Holt as a named executive officer of Morningstar; the record below is that year, complete. Every figure below is printed as the company filed it and cited to the filing it came from.

Total disclosed compensation, FY2025

$2,470,209

Compensation figures as of the proxy filed March 27, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-09-24.

Michael Holt compensation by year

Morningstar Summary Compensation Table · the one fiscal year held
In US dollars, as Morningstar reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2025
Salary$450,000
Bonus$0
Stock awards$1,125,309
Option awards$0
Non-equity incentive$877,275
Pension and deferred compensation$0
All other$17,625
Total$2,470,209

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Morningstar, Inc. DEF 14A filed March 27, 2026, accession 0001193125-26-129081, and prior-year filings. Open the filing on EDGAR.

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
PSU5,384$1,169,997—
PSU3,330$723,642—
PSU1,946$422,885—
PSU1,346$292,499—
PSU1,142$248,168—
RSU897$194,927—
PSU832$180,802—
PSU721$156,681—
PSU687$149,292—
RSU417$90,618—
RSU395$85,837—
RSU184$39,985—

Per the Outstanding Equity Awards at Fiscal Year-End table in Morningstar, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it. The 12 largest of 13 award rows shown.

Insider transactions since the last proxy

6 Form 4 lines since the FY2025 proxy (filed March 27, 2026)
current to 2026-09-24 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-09-01Tax withholding—54$218.9412,271.95
2026-05-15Grant or award—2,860$0.0012,352.95
2026-05-15Exercise or conversion—243$0.0012,595.95
2026-05-15Sale—270$166.0512,325.95
2026-05-15Exercise or conversion derivative—243—0
2026-05-15Grant or award derivative—4,290—4,290

The 6 most recent of 6 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

Morningstar’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Kunal KapoorChief Executive Officer$9,070,695
Michael Holt · this pageChief Financial Officer$2,470,209
Danny DunnFormer Chief Revenue Officer$1,435,351
Joe MansuetoExecutive Chairman$105,250

The full Morningstar compensation record

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Compensation, the day it’s disclosed

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Morningstar's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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