Form 4: Starbucks Executive Bradley E. Lerman Reports Stock Transaction

EVP and Chief Legal Officer of Starbucks, Bradley E. Lerman, reports a transaction involving common stock to cover tax obligations.

Summary

• Bradley E. Lerman, EVP and Chief Legal Officer of Starbucks, filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2025, 974.514 shares of common stock were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $87.26 per share.
• Following the transaction, Lerman beneficially owns 37,635.8683 shares of Starbucks common stock.
• This includes 296 shares representing dividend equivalents on unvested time-based RSUs and 220.1575 shares purchased on March 31, 2025, through the Starbucks Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction, which is neutral in sentiment.

Industry Context

Executive stock transactions are a routine part of corporate governance and are closely watched by investors for insights into management's perspective on the company's value and future prospects. This transaction appears to be a standard tax-related disposal of shares.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies.
• Companies like McDonald's (MCD) and Dunkin' Brands (DNKN) also see regular Form 4 filings from their executives.
• The scale of the transaction is typical for an executive at a company the size of Starbucks.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, SBUX, Starbucks, Lerman, Executive Compensation