Form 4: Starbucks Executive Sara Kelly Reports Stock Transactions

Starbucks EVP, Chief Partner Officer Sara Kelly, reports the acquisition of 10,168 restricted stock units and the disposal of 1,045.924 shares to cover tax obligations.

Summary

• Sara Kelly, an Executive Vice President and Chief Partner Officer at Starbucks, filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On November 18, 2024, 1,045.924 shares were disposed of at a price of $100.4 per share to cover tax obligations related to vesting restricted stock units.
• On November 19, 2024, Ms. Kelly was granted 10,168 restricted stock units at no cost.
• These restricted stock units will vest in four equal installments of 2,542 shares each on November 19th of 2025, 2026, 2027, and 2028.
• Following these transactions, Ms. Kelly's direct holdings increased to 53,464.0715 shares.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. The stock transactions are routine and expected.

Positives

• The grant of 10,168 restricted stock units to Ms. Kelly indicates a continued investment in her role and the company's future.
• The vesting schedule of the restricted stock units provides a long-term incentive for Ms. Kelly.

Negatives

• The disposal of 1,045.924 shares, while for tax purposes, represents a reduction in Ms. Kelly's direct holdings at the time of the transaction.

Risks

• There are no specific risks mentioned in this document, as it primarily details stock transactions by an executive.

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 the compensation and ownership structure of key personnel.

Comparison to Industry Standards

• Stock-based compensation, including restricted stock units, is a common practice among publicly traded companies to align executive interests with shareholder value.
• The vesting schedule of the restricted stock units is typical, with multi-year vesting periods to encourage long-term commitment.
• Companies like McDonald's (MCD) and Dunkin' Brands (DNKN) also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders, as they are part of routine executive compensation.
• The vesting schedule of the restricted stock units aligns executive interests with long-term shareholder value.

Key Dates

Keywords

Starbucks, SBUX, Sara Kelly, stock, restricted stock units, executive compensation, Form 4, insider trading