In 2023, Kunal Kapoor earned $4.04M in total compensation at Morningstar, including $525.00K salary, $1.54M bonus and $1.96M in stock. Most recently acquired 98 shares in Nov 2024. Currently holds stock worth $60.80M. Has donated $714.86K in stock to charitable causes. 8+ years at the helm of Morningstar.
Compensation History
Annual executive compensation data for Kunal Kapoor, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$4.04M
Salary
$525.00K
Bonus
$1.54M
Other
$16.88K
Salary
$525.00KBoard Justification
Morningstar's compensation philosophy emphasizes a strong pay-for-performance structure, with a significant portion of total compensation being performance-based, particularly for the CEO.
Bonus
$1.54MBoard Justification
The annual cash incentive for Kunal Kapoor was determined based on company performance metrics of Adjusted Revenue and Adjusted EBITDA, with a funding factor of 91.7% of target due to performance relative to goals.
Other Compensation
$16.88KBoard Justification
This amount represents matching contributions to the 401(k) plan.
Restricted Stock
Board Justification
Restricted stock units granted in 2023 that vest in four equal annual installments, commencing on the first anniversary of the grant date, subject to continued employment.
Performance Metrics
The primary performance metrics for Kunal Kapoor's compensation in 2023 were Adjusted Revenue and Adjusted EBITDA.
Kunal Kapoor
CEO of Morningstar
Education
University of Chicago (MBA)
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
September 1, 1975 - 50 years ago
CEO of Morningstar for
8 years 11 months (Jan 2017 - Present)
Previous Experience
President of Morningstar since October 2015, various leadership roles since 1997
Other Morningstar CEOs
Holdings
Track Kunal Kapoor's stock holdings and portfolio value over time.
Charitable Transactions
3,276 shares
MORN
Recent Charitable Transactions
500 shares
MORN
Dec 26, 2024
Charity
600 shares
MORN
Aug 17, 2022
Charity
500 shares
MORN
Aug 5, 2021
Charity
1,000 shares
MORN
May 6, 2020
Charity
476 shares
MORN
Sep 26, 2019
Charity
200 shares
MORN
Nov 9, 2018
Charity
Insider Trading
Kunal Kapoor's recent stock transactions, purchases, and sales filed with the SEC.
500 shares
MORN
Dec 26, 2024
Charity
98 shares
MORN
Nov 15, 2024
Received
404 shares
MORN
May 15, 2024
Received
4,575 shares
MORN
May 15, 2024
Received
938 shares
MORN
Nov 17, 2023
Received
2,948 shares
MORN
May 15, 2023
Received
6,844 shares
MORN
May 15, 2023
Received
3,453 shares
MORN
Nov 17, 2022
Received
600 shares
MORN
Aug 17, 2022
Charity
4,185 shares
MORN
May 15, 2022
Received
Rivals
Compare Kunal Kapoor with competitor CEOs and industry peers.
Raymond W. McDaniel, Jr.
CEO of Moody's
2021 Compensation
Stock
$0.00
Salary
$900.00K
Bonus
$2.21M
Other
$0.00
Total Holdings
$234.68K
Adena T. Friedman
CEO of Nasdaq, Inc.
2022 Compensation
Stock
$9.60M
Salary
$1.25M
Bonus
$4.37M
Other
$437.75K
Total Holdings
$4.58M
Henry A. Fernandez
CEO of MSCI
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$1.45M
Other
$342.92K
Total Holdings
$1.50B