SBUX.NASDAQStarbucks CORP

Form 4: Starbucks CEO Brian Niccol Reports Acquisition of 332,260 Shares

Sentiment:

SEC Form 4 Filing

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Starbucks CEO Brian Niccol reports acquiring 332,260 shares of common stock on September 16, 2024, through restricted stock units.

Summary

  • Brian R. Niccol, the Chairman and CEO of Starbucks, filed a Form 4 on September 17, 2024, reporting a transaction.
  • On September 16, 2024, Niccol acquired 332,260 shares of Starbucks common stock.
  • These shares were acquired through the grant of restricted stock units (RSUs) at a price of $0.
  • The RSUs vest in three tranches: 110,754 shares on September 9, 2025, and 110,753 shares each on September 9, 2026, and September 9, 2027.
  • Following the reported transaction, Niccol directly owns 332,260 shares of Starbucks common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock grants, which is neither overtly positive nor negative.

Positives

  • The acquisition of shares by the CEO can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. This filing provides transparency regarding the holdings of Starbucks' CEO.

Stakeholder Impact

  • The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from the CEO.

Key Dates

DateDescription
09/16/2024Date of transaction: Acquisition of 332,260 shares of common stock.
09/17/2024Date of Form 4 filing.
09/09/2025Vesting date for 110,754 restricted stock units.
09/09/2026Vesting date for 110,753 restricted stock units.
09/09/2027Vesting date for 110,753 restricted stock units.

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