Form 4: Starbucks Director Richard E. Allison, Jr. Reports Acquisition of Restricted Stock Units

Richard E. Allison, Jr., a director at Starbucks, reported the acquisition of 3,602 restricted stock units on March 13, 2024, according to a Form 4 filing with the SEC.

Summary

• On March 13, 2024, Richard E. Allison, Jr., a director of Starbucks Corp, acquired 3,602 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted on March 13, 2024, and are fully vested but deferred until termination of service as a director.
• The filing also indicates that Allison directly owns 31,146.177 shares of Starbucks common stock, which includes 389.556 deferred stock units representing dividends reinvested.
• A Power of Attorney was executed, granting authority to Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso, and Jonathan Miner to act on Allison's behalf for SEC filings related to beneficial ownership of securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider transactions, indicating a neutral sentiment. It reflects routine reporting requirements and does not convey any specific positive or negative outlook.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Starbucks. It provides transparency regarding the holdings and transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, such as directors and officers.
• Companies like McDonald's (MCD) and Dunkin' Brands (now Inspire Brands) also have similar filings when their executives or directors trade company stock.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency in insider trading activities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• It assures stakeholders that directors' interests are aligned with those of the shareholders through equity ownership.

Key Dates