Form 4: Starbucks CEO Brian Niccol Receives 93,543 Restricted Stock Units
SEC Form 4 Filing
Starbucks CEO Brian Niccol was granted 93,543 restricted stock units on November 19, 2024, which will vest over the next four years.
Summary
- Brian Niccol, the CEO of Starbucks, received 93,543 restricted stock units on November 19, 2024.
- These restricted stock units will vest in four increments.
- The first three increments of 23,386 shares each will vest on November 19, 2025, November 19, 2026, and November 19, 2027, respectively.
- The final increment of 23,385 shares will vest on November 19, 2028.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation event, which is generally viewed positively as it aligns management with shareholder interests. The sentiment is neutral to slightly positive.
Positives
- The grant of restricted stock units aligns the CEO's interests with those of the shareholders.
- The vesting schedule encourages long-term performance and retention of the CEO.
Industry Context
Executive compensation packages often include stock grants to align management's interests with shareholders and incentivize long-term performance. This is a common practice in publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a standard practice for executive pay in large public companies like Starbucks.
- The vesting schedule of four years is typical for restricted stock units, encouraging long-term commitment from the executive.
- Comparable companies such as McDonald's (MCD) and Dunkin' Brands (DNKN) also utilize similar stock-based compensation plans for their executives.
Stakeholder Impact
- Shareholders may view the stock grant positively as it aligns the CEO's interests with the company's long-term performance.
- Employees may see this as a sign of stability and commitment from the leadership.
Key Dates
| Date | Description |
|---|---|
| 11/19/2024 | Date of the restricted stock unit grant to Brian Niccol. |
| 11/19/2025 | First vesting date for 23,386 restricted stock units. |
| 11/19/2026 | Second vesting date for 23,386 restricted stock units. |
| 11/19/2027 | Third vesting date for 23,386 restricted stock units. |
| 11/19/2028 | Final vesting date for 23,385 restricted stock units. |
| 11/20/2024 | Date the Form 4 was signed. |
Keywords
restricted stock units, stock grant, executive compensation, Brian Niccol, Starbucks, SEC Form 4, vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.