Form 4: Starbucks Director Andrew Campion Reports Acquisition of Restricted Stock Units

Director Andrew Campion reports acquiring restricted stock units in Starbucks, deferred until termination of service, along with a power of attorney update.

Summary

• On March 13, 2024, Andrew Campion, a director of Starbucks Corp, acquired 3,711 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted at a price of $0 and are fully vested but deferred until termination of service as a director.
• Campion also owns 21,359.177 shares of common stock, including 391.556 deferred stock units representing dividends reinvested.
• A Power of Attorney was executed, appointing Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso, and Jonathan Miner to act on Campion's behalf for SEC filings related to beneficial ownership of securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units by a director is generally a good sign, indicating confidence in the company. The deferred nature of the units suggests a long-term commitment.

Positives

• The acquisition of restricted stock units could be seen as a positive sign, indicating confidence in the company's future performance.
• The dividend reinvestment plan further increases Campion's stake in Starbucks.

Future Outlook

The restricted stock units are deferred until termination of service as a director, suggesting a long-term commitment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align the interests of directors with those of shareholders, a common practice among publicly traded companies like Starbucks.
• The use of a dividend reinvestment plan is also a standard method for increasing ownership stakes, similar to practices at companies like Coca-Cola (KO) and PepsiCo (PEP).

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence.

Key Dates