Form 4: Starbucks Director Wei Zhang Reports Changes in Beneficial Ownership

Director Wei Zhang reports acquisition of restricted stock units and disposal of common stock, along with a power of attorney update.

Summary

• Wei Zhang, a director of Starbucks Corp, filed a Form 4 on March 15, 2024, reporting changes in beneficial ownership.
• On March 13, 2024, Zhang acquired 3,383 shares of common stock through restricted stock units fully vested at grant and deferred under the Deferred Compensation Plan for Non-Employee Directors.
• Zhang also disposed of common stock, and now beneficially owns 5,204 shares, including 21 deferred stock units representing dividends reinvested.
• A Power of Attorney was executed on March 13, 2024, appointing Bradley E. Lerman, Joshua C. Gaul, Stephanie A. Tso, and Jonathan Miner as attorneys-in-fact to handle SEC filings related to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units suggests confidence, while the filing itself is a routine disclosure.

Positives

• The acquisition of restricted stock units indicates continued alignment of the director's interests with the company's performance.
• The dividend reinvestment plan further demonstrates a long-term investment perspective.

Future Outlook

The document does not contain specific forward-looking statements regarding Starbucks' future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of Starbucks stock.

Stakeholder Impact

• Shareholders are informed about changes in the director's ownership stake, providing insights into management's alignment with shareholder interests.

Key Dates