Form 4: Starbucks Executive Brady Brewer Reports Stock Transaction

Brady Brewer, CEO of International at Starbucks, reported a transaction involving the withholding of 1,899.031 shares of common stock to cover tax obligations.

Summary

• Brady Brewer, the CEO of International at Starbucks, filed a Form 4 indicating a transaction on November 14, 2024.
• The transaction involved 1,899.031 shares of Starbucks common stock.
• These shares were withheld by Starbucks to satisfy tax obligations related to the vesting of restricted stock units.
• The price per share was $99.23.
• Following the transaction, Brewer beneficially owns 57,815.935 shares of Starbucks common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a standard practice in publicly traded companies like Starbucks.
• Similar filings are regularly made by executives at companies such as McDonald's (MCD), Dunkin' Brands (DNKN), and Restaurant Brands International (QSR) when they have stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding event.

Key Dates

Keywords

Form 4, Starbucks, SBUX, Brady Brewer, Stock Transaction, Tax Withholding, Restricted Stock Units, Executive Compensation