Form 4: Starbucks CFO Rachel Ruggeri Reports Stock Transactions

Starbucks CFO Rachel Ruggeri acquired and disposed of company stock, including shares from vested restricted stock units and those withheld for tax obligations.

Summary

• Rachel Ruggeri, the CFO of Starbucks, reported transactions involving the company's stock on November 11, 2024.
• She acquired 10,907 shares of common stock through the vesting of restricted stock units (RSUs) that were earned based on performance goals from a grant on November 10, 2021.
• These RSUs vested immediately upon being earned.
• Additionally, she acquired 308 shares representing dividend equivalents on unvested time-based RSUs and 266.861 shares through the Starbucks Employee Stock Purchase Plan on September 30, 2024.
• Ruggeri also disposed of 4,956.923 shares to cover tax withholding obligations related to the vesting of the RSUs at a price of $100.31 per share.
• After these transactions, she beneficially owns 69,026.938 shares of Starbucks common stock.

Sentiment

Score: 5

Explanation: The document is neutral, detailing routine stock transactions by an executive. There is no indication of positive or negative sentiment.

Positives

• The vesting of performance-based RSUs indicates that performance goals were met, which is a positive sign for the company.
• Participation in the Employee Stock Purchase Plan shows confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the overall number of shares held by the CFO.

Risks

• There are no specific risks mentioned in this document, as it primarily details stock transactions.

Industry Context

This is a routine filing related to insider stock transactions, which is common for publicly traded companies. It does not indicate any specific trend or event within the broader industry.

Comparison to Industry Standards

• Stock transactions by executives are a standard practice in publicly traded companies like Starbucks.
• The use of restricted stock units and employee stock purchase plans are common compensation methods.
• The tax withholding process is also a standard procedure for equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Starbucks, SBUX, Rachel Ruggeri, CFO, stock transactions, restricted stock units, RSUs, employee stock purchase plan, insider trading, tax withholding