Morningstar names Michael Holt chief financial officer, effective January 1, 2025
Morningstar said Michael Holt, its chief strategy officer since 2018, will become chief financial officer effective January 1, 2025, reporting to CEO Kunal Kapoor. The company said Jason Dubinsky will step down at the end of 2024 and move into a consulting role during a transition period. The filing also discloses Holt's pay package, which ties part of his long-term equity to total shareholder return over three years.
Key points
- Holt's annual base salary will be $450,000, with an annual cash bonus target of 100% of base salary.
- Annual equity targets are $275,000 in restricted stock units and $825,000 in market stock units.
- Market stock units vest on the third anniversary of the grant date based on total shareholder return over that period.
- Jason Dubinsky will step down at the end of 2024 and assume a consulting role through a transition period.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 10, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.