Form 4: Starbucks Director Jorgen Vig Knudstorp Reports Acquisition of Restricted Stock Units

Director Jorgen Vig Knudstorp reports acquisition of 3,602 restricted stock units in Starbucks Corp.

Summary

• On March 13, 2024, Jorgen Vig Knudstorp, a director of Starbucks Corp, acquired 3,602 shares of common stock.
• These shares were granted as restricted stock units, fully vested at the time of the grant.
• The acquisition was reported on a Form 4 filing with the SEC.
• Following the transaction, Knudstorp beneficially owns 35,628.189 shares of Starbucks common stock, including deferred stock units representing dividends.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating insider ownership. The sentiment is neutral to slightly positive as it reflects continued investment by a director.

Positives

• The acquisition of restricted stock units indicates continued alignment of the director's interests with those of the shareholders.
• The deferred compensation plan allows for long-term investment in the company.

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• The acquisition of stock units aligns the director's interests with those of the shareholders.

Key Dates