Form 4: Starbucks Director Neal Mohan Reports Acquisition and Disposal of Common Stock

Director Neal Mohan reports acquiring 3,383 shares of Starbucks common stock and disposing of shares, according to a Form 4 filing with the SEC.

Summary

• Neal Mohan, a director of Starbucks Corp, filed a Form 4 with the SEC on March 15, 2024.
• The filing reports a transaction on March 13, 2024, involving Starbucks common stock.
• Mohan acquired 3,383 shares of common stock at $0 and disposed of 4,074 shares.
• Following the reported transactions, Mohan beneficially owns 4,074 shares of Starbucks common stock.
• The acquisition represents restricted stock units granted on March 13, 2024, fully vested and deferred under the Deferred Compensation Plan for Non-Employee Directors.
• The filing also includes a Power of Attorney, granting authority to Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso, and Jonathan Miner to execute and file SEC forms on Mohan's behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units indicates continued alignment of the director's interests with the company's 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 director's stock transactions, providing transparency.

Key Dates