MSCI insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Rajat Taneja Director	1,786	$560.00	n/a	5.4K	Sep 2, 2026	Sep 4, 2026

What stands out

Alvise Munari sold 32% of vested holdings: 10K shares for $5.9M, none under a disclosed plan.Largest sale, Apr 24, 2026

Three insiders bought shares: Henry Fernandez (23K shares, $12.5M), Robert Ashe (3.7K shares, $2.0M) and Rajat Taneja (1.8K shares, $1.0M).Henry Fernandez: purchase, Feb 13, 2026 · Robert Ashe: purchase, Feb 18, 2026 · Rajat Taneja: purchase, Sep 2, 2026

Andrew Wiechmann sold 1.4K shares (6.1% of starting holdings), but 1.8K more vested, so the stake grew (from 22K to 22K).Largest sale, Jun 10, 2026

Percentages cover all 17 officers and directors. Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Alvise Munari

Chief Product Officer

32% · $5.9MNo plan disclosed

Andrew Wiechmann

Chief Financial Officer

6.1% · $772KDisclosed plan

Robert Gutowski

General Counsel

3.8% · $348KNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Is the MSCI CEO selling stock?

No. Henry Fernandez reported no open-market sales in the past 12 months.

Why are MSCI insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 11% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 89% had no disclosed plan. A trading plan schedules sales in advance.

Are any MSCI insiders buying?

Yes. 3 officers or directors reported 32 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did MSCI insiders sell?

About 0.4% overall. As a group they ended with more shares than they started with. The biggest individual seller, Alvise Munari, gave up 32% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold3 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Alvise Munari Chief Product Officer	$5.9M 10K shares	32%	No plan disclosed
Andrew Wiechmann Chief Financial Officer	$772K 1.4K shares	6.1%	Disclosed plan
Robert Gutowski General Counsel	$348K 624 shares	3.8%	No plan disclosed

The full ownership picture17 of 17 insiders fully reconciled · 17 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Henry Fernandez

Includes unvested RSUs, amount not disclosed. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Chairman and CEO, Director

2.42M

2.44M

no sales

Vesting, gifts, unvested awards and holding lines for Henry Fernandez

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	1,279,951	1,731,961
Henry Fernandez 2024 MSCI Annuity Trust	Common Stock	506,707	0
Fernandez 2007 Children's Trust	Common Stock	332,779	410,776
Henry Fernandez 2022 MSCI Annuity Trust	Common Stock	251,543	251,543
Son	Common Stock	30,800	30,800
Daughter	Common Stock	15,400	15,400

Additional holdings last reported Dec 17, 2012, not confirmed since: 1,604,849 shares. Not included in any total or percentage on this page.

Direct, Class A Common Stock: 709,139 shares, last reported Feb 2, 2012
GRAT, Class A Common Stock: 500,000 shares, last reported Feb 2, 2012
TRUST, Class A Common Stock: 53,541 shares, last reported Nov 15, 2010
Son, Class A Common Stock: 11,525 shares, last reported Feb 2, 2012
GRAT, Common Stock: 330,644 shares, last reported Dec 17, 2012

CD Pettit

Includes unvested RSUs, amount not disclosed.

President, Director

285K

no sales

Vesting, gifts, unvested awards and holding lines for CD Pettit

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	284,787	284,787

Alvise Munari

Started reporting during the period; starting holdings are from the Form 3.

Chief Product Officer

31K

−10K

24K

76%

Vesting, gifts, unvested awards and holding lines for Alvise Munari

0shares vested or exercised

0gifted (net of own trusts)

−438withheld by the company for taxes

none reportedunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	30,828	23,548

Andrew Wiechmann

Minor difference of 12 shares. Difference is under 0.5% of holdings. Includes unvested RSUs, amount not disclosed. New Form 3 filed 2020-10-02; earlier filings set aside.

Chief Financial Officer

22K

−1.4K

22K

+0.1%

Vesting, gifts, unvested awards and holding lines for Andrew Wiechmann

0shares vested or exercised

0gifted (net of own trusts)

−470withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
New Form 3 filed 2020-10-02; earlier filings set aside.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	22,077	22,094

Reconciliation: minor difference of 12 shares. Difference is under 0.5% of holdings.

Linda Riefler

Director

21K

no sales

Vesting, gifts, unvested awards and holding lines for Linda Riefler

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	20,583	20,998

Robert Ashe

Director

19K

23K

no sales

Vesting, gifts, unvested awards and holding lines for Robert Ashe

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	1,235	1,168
1000396766 Ontario Inc	Common Stock	17,850	22,290

Robert Gutowski

Includes unvested RSUs, amount not disclosed.

General Counsel

17K

−624

16K

99%

Vesting, gifts, unvested awards and holding lines for Robert Gutowski

0shares vested or exercised

−270gifted (net of own trusts)

−276withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	16,569	16,485

Scott Crum

Chief Human Resources Officer

16K

17K

no sales

Vesting, gifts, unvested awards and holding lines for Scott Crum

0shares vested or exercised

0gifted (net of own trusts)

−548withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	15,898	16,904

Jacques Perold

Director

5.9K

6.3K

no sales

Vesting, gifts, unvested awards and holding lines for Jacques Perold

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	5,884	6,272

Marcus Smith

Director

5.1K

5.5K

no sales

Vesting, gifts, unvested awards and holding lines for Marcus Smith

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	5,056	5,444
Spouse	Common Stock	12	12

Paula Volent

Director

3.9K

4.2K

no sales

Vesting, gifts, unvested awards and holding lines for Paula Volent

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,857	4,245

Rajat Taneja

Director

5.4K

no sales

Vesting, gifts, unvested awards and holding lines for Rajat Taneja

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,011	5,404

Sandy Rattray

Director

2.4K

2.8K

no sales

Vesting, gifts, unvested awards and holding lines for Sandy Rattray

0shares vested or exercised

0gifted (net of own trusts)

−32withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	2,449	2,805

Robin Matlock

Director

1.6K

no sales

Vesting, gifts, unvested awards and holding lines for Robin Matlock

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	1,628	2,037

Craig Read

Global Controller

1.4K

2.2K

no sales

Vesting, gifts, unvested awards and holding lines for Craig Read

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	1,387	2,177

Michelle Seitz

Director

671

1.1K

no sales

Vesting, gifts, unvested awards and holding lines for Michelle Seitz

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	671	1,059

June Yang

Director

512

906

no sales

Vesting, gifts, unvested awards and holding lines for June Yang

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	512	906

17 of 17 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 1 with a minor or footnoted difference). Percentages cover all 17 officers and directors. "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$7.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $7.0M across 11,974 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $772K · 11%

89%

The lighter segment is sales with no plan disclosed in the filing ($6.3M), including tax-related sales outside a plan.

No plan disclosed · $6.3M

Sales with no 10b5-1 plan and no tax reference in the filing. $5.9M of it is Alvise Munari. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Alvise Munari, Apr 24, 2026

Taxes

1,764 shares ($1.1M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 3 buyers (32 trades)

3 officers and directors bought shares in this period, in 32 trades(Form 4 code P). Across all their filings on record there are 76 purchase trades.

Charitable gifts · 270 shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Alvise Munari Chief Product Officer	10K	$5.9M	0%	84%	Apr 24, 2026 to Apr 24, 2026
Andrew Wiechmann Chief Financial Officer	1.4K	$772K	100%	11%	Dec 11, 2025 to Jun 10, 2026
Robert Gutowski General Counsel	624	$348K	0%	5%	Nov 24, 2025 to Nov 24, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$348K	$0	$0	$348K
Dec 2025	$248K	$248K	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$252K	$252K	$0	$0
Apr 2026	$5.9M	$0	$0	$5.9M
May 2026	$0	$0	$0	$0
Jun 2026	$272K	$272K	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about two-thirds of the 5-year average. 3 insiders sold; the average is 3 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	12K	3	$7.0M
Oct 8, 2025 1 year earlier	20K	1	$11.0M
Oct 8, 2024 2 years earlier	11K	2	$5.3M
Oct 9, 2023 3 years earlier	19K	5	$9.3M
Oct 9, 2022 4 years earlier	12K	3	$6.6M
Oct 9, 2021 5 years earlier	29K	3	$14.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Andrew Wiechmann: minor difference of 12 shares. Difference is under 0.5% of holdings.

Inferred rename: "Kinney 2020 Husband Trust" is treated as the same holder as "Catherine R. Kinney 2020 GRAT", because the old name was never reported again and the new one opened with the same balance (4,020 shares). Old name, new name

Inferred rename: "Kinney 2021 Husband Trust" is treated as the same holder as "Catherine R. Kinney 2021 GRAT No. 2", because the old name was never reported again and the new one opened with the same balance (10,558 shares). Old name, new name

Inferred rename: "Reporting Person through 1000396766 Ontario Inc" is treated as the same holder as "1000396766 Ontario Inc", because the old name was never reported again and the new one opened with the same balance (16,539 shares). Old name, new name

Inferred rename: the share class "Class A Common Stock" is treated as the same class as "Common Stock" on 12 holding lines, because the old title was never reported again on those lines and each balance carried over exactly. Example (David Brierwood, 817,029 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology936 filings from SEC EDGAR, and how we read them

All 936 Forms 3, 4 and 5 filed for MSCI (SEC CIK 1408198) from Nov 14, 2007 to Sep 4, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (36)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Wayne Edmunds	May 3, 2024	9,706 shares, last reported balance as of May 1, 2024
Chirantan Desai	May 3, 2024	496 shares, last reported balance as of May 1, 2024
Catherine Kinney	Mar 4, 2024	27,225 shares, last reported balance as of Feb 29, 2024
Jennifer Mak	Feb 14, 2023	6,843 shares, last reported balance as of Feb 13, 2023
Benjamin duPont	Mar 2, 2021	17,681 shares, last reported balance as of Feb 26, 2021
Linda Huber	May 8, 2020	5,415 shares, last reported balance as of May 6, 2020
Alice Handy	Mar 9, 2020	35,569 shares, last reported balance as of Mar 6, 2020
George Siguler	Jan 28, 2020	29,554 shares, last reported balance as of Dec 3, 2019
Laurent Seyer	Dec 18, 2019	94,115 shares, last reported balance as of Dec 16, 2019
Kathleen Winters	Feb 15, 2019	78,557 shares, last reported balance as of Feb 13, 2019
Jigar Thakkar	Jul 19, 2018	19,223 shares, last reported balance as of Jul 16, 2018
Richard Napolitano	May 8, 2018	6,963 shares, last reported balance as of May 7, 2018
Wendy Lane	May 3, 2018	6,882 shares, last reported balance as of May 1, 2018
Peter Zangari	Feb 13, 2018	70,788 shares, last reported balance as of Feb 10, 2018
Diana Tidd	Feb 13, 2018	23,370 shares, last reported balance as of Feb 10, 2018
Remy Briand	Feb 13, 2018	48,112 shares, last reported balance as of Feb 10, 2018
Jorge Mina	Feb 13, 2018	9,921 shares, last reported balance as of Feb 10, 2018
Rodolphe Vallee	May 2, 2017	26,556 shares, last reported balance as of May 1, 2017
Patrick Tierney	May 2, 2017	14,637 shares, last reported balance as of May 1, 2017
ValueAct Holdings, L.P.	Sep 26, 2016	479,969 shares, last reported balance as of Sep 15, 2016
Robert Qutub	Feb 10, 2016	60,009 shares, last reported balance as of Feb 8, 2016
Roveen Bhansali	Feb 10, 2015	46,215 shares, last reported balance as of Feb 6, 2015
Christopher Corrado	Jan 30, 2015	39,327 shares, last reported balance as of Jan 28, 2015
Gary Retelny	May 2, 2014	77,110 shares, last reported balance as of Apr 30, 2014
David Brierwood	Feb 12, 2014	840,511 shares, last reported balance as of Feb 10, 2014
David Obstler	Apr 12, 2012	48,215 shares, last reported balance as of Apr 12, 2012
Scott Sipprelle	May 9, 2011	123,045 shares, last reported balance as of May 5, 2011
Michael Neborak	Jan 12, 2010	203,606 shares, last reported balance as of Jan 8, 2010
Stanley Morgan	May 26, 2009	28,323 shares, last reported balance as of Nov 14, 2007
CAPITAL GROUP INTERNATIONAL INC	Apr 30, 2008	0 shares, last reported balance as of Apr 25, 2008
Capital Group Companies Charitable Foundation	Apr 30, 2008	0 shares, last reported balance as of Apr 28, 2008
David Sidwell	Apr 11, 2008	11,909 shares, last reported balance as of Apr 9, 2008
Robert Scully	Mar 12, 2008	No balance on record
Kenneth deRegt	Nov 16, 2007	33,888 shares, last reported balance as of Nov 14, 2007
James Gorman	Nov 14, 2007	No balance on record
Jerker Johansson	Nov 14, 2007	No balance on record

MSCI insiders sold $7.0M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the MSCI CEO selling stock?

Why are MSCI insiders selling?

Are any MSCI insiders buying?

How much of their stake did MSCI insiders sell?

The evidence

No plan disclosed · $6.3M

Taxes

Purchases · 3 buyers (32 trades)

Charitable gifts · 270 shares

Sales by month