Form 4: Starbucks Executive Bradley E. Lerman Receives Stock Awards

Starbucks' Executive Vice President and Chief Legal Officer, Bradley E. Lerman, was granted 14,235 restricted stock units on November 19, 2024.

Summary

• Bradley E. Lerman, Executive Vice President and Chief Legal Officer at Starbucks, received 14,235 restricted stock units.
• These units were granted on November 19, 2024.
• The restricted stock units will vest in four increments.
• The first three increments of 3,559 shares each will vest on November 19, 2025, November 19, 2026, and November 19, 2027 respectively.
• The final increment of 3,558 shares will vest on November 19, 2028.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to slightly positive as it aligns executive interests with shareholders.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

The granting of stock options and restricted stock units is a common practice in corporate America to incentivize and retain key executives.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among large publicly traded companies like Starbucks, including peers such as McDonald's (MCD) and Dunkin' Brands (DNKN).
• These grants are typically structured with vesting schedules to encourage long-term performance and retention.
• The vesting schedule of Starbucks' grants is typical, with vesting occurring over several years.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Starbucks, Executive Compensation, Restricted Stock Units, Equity Grant, Bradley E. Lerman, SBUX, Vesting