Form 4: Starbucks Executive Sara Kelly Reports Stock Transaction
SEC Filing
EVP and Chief Partner Officer of Starbucks, Sara Kelly, reports the disposal of 1,525 common stock shares to cover tax obligations.
Summary
- Sara Kelly, EVP and Chief Partner Officer at Starbucks, filed a Form 4 on September 17, 2024.
- The report details a transaction on September 16, 2024, where 1,525 shares of common stock were disposed of at a price of $96.31.
- These shares were withheld by Starbucks to cover tax obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Kelly directly owns 44,851.7481 shares of Starbucks common stock, which includes dividend equivalents and shares purchased through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposal.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of stock transaction (disposal of shares). |
| 09/17/2024 | Date of Form 4 filing. |
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