Our employees and our non-employee directors are eligible for awards under the Morningstar Amended and Restated 2011 Stock Incentive Plan, which provides for a variety of equity-based awards, including stock options, RSUs, MSUs, PSUs, and restricted stock.

The following table summarizes the stock-based compensation expense included in each of our operating expense categories:


	Three months ended June 30,				Six months ended June 30,
(in millions)	2025		2024		2025		2024
Cost of revenue	$	8.2	$	7.0	$	11.7	$	11.6
Sales and marketing	3.1		2.6		5.0		4.5
General and administrative	7.1		4.6		10.8		9.5
Total stock-based compensation expense	$	18.4	$	14.2	$	27.5	$	25.6

As of June 30, 2025, the total unrecognized stock-based compensation cost related to outstanding RSUs, MSUs, and PSUs expected to vest was $91.1 million, which we expect to recognize over a weighted average period of 29 months.