Form 4: Starbucks Executive Brady Brewer Reports Stock Transactions

Starbucks CEO of International, Brady Brewer, reports the acquisition of restricted stock units and the disposal of shares to cover tax obligations.

Summary

• Brady Brewer, CEO of International at Starbucks, filed a Form 4 detailing recent transactions in company stock.
• On November 18, 2024, 1,673.556 shares were disposed of at $100.4 per share to cover tax obligations related to vesting restricted stock units.
• On November 19, 2024, 14,235 restricted stock units were granted to Mr. Brewer at no cost.
• Following these transactions, Mr. Brewer beneficially owns 70,377.379 shares of Starbucks stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any negative or unexpected events. The grant of restricted stock units is a positive sign of alignment with company goals.

Positives

• The grant of 14,235 restricted stock units to Mr. Brewer indicates continued alignment of executive interests with company performance.
• The vesting schedule of the restricted stock units encourages long-term commitment from the executive.

Negatives

• The disposal of 1,673.556 shares, while for tax purposes, slightly reduces Mr. Brewer's direct shareholding.

Risks

• There are no specific risks mentioned in this document.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is typical for executive compensation packages in large publicly traded companies like Starbucks.
• The use of restricted stock units as part of executive compensation is a common practice among companies such as McDonald's, Coca-Cola, and PepsiCo.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and tax obligations.
• The vesting schedule of the restricted stock units aligns executive interests with long-term company performance, which is beneficial for shareholders.

Key Dates

Keywords

Starbucks, SBUX, Brady Brewer, stock, restricted stock units, Form 4, executive compensation, insider trading