Form 4: Starbucks EVP, CFO Cathy R. Smith Reports Acquisition of 45,550 Shares of Common Stock
SEC Form 4 Filing
Cathy R. Smith, EVP and CFO of Starbucks, reports acquiring 45,550 shares of common stock through restricted stock unit grants.
Summary
- Cathy R. Smith, the EVP and CFO of Starbucks, filed a Form 4 with the SEC.
- The filing reports the acquisition of 45,550 shares of Starbucks common stock on March 24, 2025.
- These shares were acquired through two grants of restricted stock units.
- One grant consists of 26,745 shares vesting in three equal installments on March 24, 2026, March 24, 2027, and March 24, 2028.
- The other grant consists of 18,805 shares vesting in four installments: 4,702 shares on November 19, 2025, and 4,701 shares each on November 19, 2026, November 19, 2027 and November 19, 2028.
- Following these transactions, Cathy R. Smith beneficially owns 45,550 shares of Starbucks common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by the CFO could be interpreted slightly positively, but it's not a major event.
Positives
- The acquisition of shares by a high-ranking executive can be seen as a positive signal, indicating 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. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules described in the document are fairly standard for restricted stock unit grants.
- Companies like McDonald's (MCD) and Restaurant Brands International (QSR) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The acquisition of shares by the CFO could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/24/2025 | Date of transaction and grant of restricted stock units. |
| 11/19/2025 | First vesting date for a portion of the restricted stock units (4,702 shares). |
| 03/24/2026 | First vesting date for a portion of the restricted stock units (8,915 shares). |
| 11/19/2026 | Vesting date for a portion of the restricted stock units (4,701 shares). |
| 03/24/2027 | Vesting date for a portion of the restricted stock units (8,915 shares). |
| 11/19/2027 | Vesting date for a portion of the restricted stock units (4,701 shares). |
| 03/24/2028 | Final vesting date for a portion of the restricted stock units (8,915 shares). |
| 11/19/2028 | Final vesting date for a portion of the restricted stock units (4,701 shares). |
| 03/26/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Options, Restricted Stock Units, Cathy R. Smith, SBUX, Starbucks, Executive Compensation
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