Form 4: Starbucks Executive Sara Kelly Reports Stock Transaction
SEC Form 4 Filing
EVP and Chief Partner Officer of Starbucks, Sara Kelly, reports a transaction involving common stock to cover tax obligations.
Summary
- Sara Kelly, EVP and Chief Partner Officer at Starbucks, filed a Form 4 with the SEC.
- The report details a transaction on June 17, 2024, where 301 shares of common stock were disposed of at a price of $81.33.
- This transaction was to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Kelly beneficially owns 46,134.1845 shares of Starbucks common stock, which includes 244 shares representing dividend equivalents on unvested time-based RSUs.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's 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, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of stock transaction (disposal of shares). |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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