Form 4: Starbucks CFO's Tax-Related Stock Disposition
Insider Transaction Report
Starbucks CFO Cathy R. Smith reported a disposition of shares to cover tax obligations related to restricted stock unit vesting.
Summary
- Cathy R. Smith, Executive Vice President and Chief Financial Officer of Starbucks Corp (SBUX), reported a transaction on November 19, 2025.
- The transaction involved the disposition of 1,904.262 shares of Common Stock at a price of $83.68 per share.
- This disposition was not an open market transaction but shares withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
- Following this transaction, Cathy R. Smith beneficially owns 65,122.738 shares of Starbucks Common Stock directly.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine, non-discretionary insider transaction for tax withholding purposes upon the vesting of restricted stock units, which is a common occurrence for executives.
Future Outlook
NA
Industry Context
This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or competitive positioning for Starbucks.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary trading plan for equity securities. | 11/19/2025 | This demonstrates adherence to corporate governance best practices by pre-scheduling trades, which helps mitigate concerns about insider trading and enhances transparency. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's discretionary holdings or outlook.
Key Dates
| Date | Description |
|---|---|
| 11/19/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 11/20/2025 | Date the Form 4 was filed with the SEC. |
Keywords
Starbucks, SBUX, Form 4, Insider Transaction, CFO, Stock Disposition, Tax Withholding, Restricted Stock Units, Equity, Rule 10b5-1
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