Form 4: Satya Nadella Reports Acquisition of Starbucks Stock Units

Satya Nadella, a director of Starbucks, reported the acquisition of 3,383 common stock units on March 13, 2024, through a grant of restricted stock units.

Summary

• On March 13, 2024, Satya Nadella, a director of Starbucks, acquired 3,383 shares of Starbucks common stock.
• These shares were obtained through a grant of restricted stock units, fully vested at the time of grant.
• The restricted stock units are deferred until termination of service as a director, according to the Deferred Compensation Plan for Non-Employee Directors.
• Nadella also holds 344 deferred stock units representing dividends on deferred stock units pursuant to a dividend reinvestment plan.
• A Power of Attorney was executed, appointing Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso and Jonathan Miner to act on Nadella's behalf for SEC filings related to beneficial ownership of securities.

Sentiment

Score: 6

Explanation: The document itself is neutral, as it's a standard regulatory filing. The acquisition of shares by a director could be interpreted as a mildly positive signal, but it's not a strong indicator of overall sentiment.

Positives

• The acquisition of stock units by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding Starbucks' future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency of insider transactions.
• Companies like Apple, Microsoft, and Amazon also have similar filings when their executives or directors trade company stock.
• The reporting requirements are consistent across the board, ensuring a level playing field for investors.

Key Dates