Form 4: Starbucks Director Daniel Servitje Reports Acquisition and Disposal of Common Stock

Director Daniel Servitje reports acquiring and disposing of Starbucks common stock on March 13, 2024, according to a Form 4 filing with the SEC.

Summary

• On March 13, 2024, Daniel Servitje, a director of Starbucks Corp, reported transactions involving the company's common stock.
• Servitje acquired 3,383 shares of common stock at $0.
• He also disposed of 4,074 shares of common stock.
• Following these transactions, Servitje beneficially owns 4,074 shares of Starbucks common stock.
• The acquisition represents restricted stock units granted on March 13, 2024, fully vested at the time of the grant, and deferred until termination of service as a director pursuant to the Deferred Compensation Plan for Non-Employee Directors.
• The filing also includes 4 deferred stock units, representing dividends on deferred stock units pursuant to a dividend reinvestment plan.
• Servitje has granted a Power of Attorney to Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso and Jonathan Miner to handle SEC filings on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing is a standard disclosure of stock transactions by a company director. The acquisition of shares could be seen as a positive sign, but the disposal offsets this.

Positives

• The acquisition of restricted stock units indicates confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the transactions of a key company insider.

Key Dates