Form 4: Starbucks CFO Rachel Ruggeri Reports Stock Transactions

Starbucks CFO Rachel Ruggeri reported the withholding of shares for tax obligations and the grant of restricted stock units.

Summary

• Rachel Ruggeri, the CFO of Starbucks, reported two transactions involving Starbucks common stock.
• On November 18, 2024, 2,334.708 shares were withheld by the issuer to cover tax obligations related to vesting restricted stock units at a price of $100.4 per share.
• On November 19, 2024, Ms. Ruggeri was granted 18,302 restricted stock units.
• These restricted stock units will vest in four increments over four years, starting on November 19, 2025.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally viewed neutrally to slightly positive.

Positives

• The grant of restricted stock units to the CFO aligns her interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages long-term commitment from the CFO.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is typical for executive compensation packages in the industry.
• Many companies use restricted stock units as a way to align executive interests with long-term shareholder value, similar to Starbucks.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders as they are related to executive compensation.
• The vesting schedule of the restricted stock units may encourage long-term value creation, which benefits shareholders.

Key Dates

Keywords

Starbucks, SBUX, Rachel Ruggeri, CFO, stock transaction, restricted stock units, tax withholding, insider trading