Form 4: Starbucks Executive Sara Kelly Reports Stock Transactions
SEC Form 4 Filing
Starbucks EVP, Chief Partner Officer Sara Kelly, reports the acquisition and disposal of company stock, including shares from vested restricted stock units and tax withholdings.
Summary
- Sara Kelly, an Executive Vice President and Chief Partner Officer at Starbucks, reported transactions involving Starbucks common stock.
- On November 11, 2024, Ms. Kelly acquired 606 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
- These RSUs were earned based on performance goals from a grant on November 10, 2021, and vested immediately.
- Additionally, 312.655 shares were disposed of at a price of $100.31 per share to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Ms. Kelly beneficially owns 45,182.8835 shares of Starbucks common stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive stock transactions, which are neither particularly positive nor negative. The sentiment is neutral to slightly positive due to the vesting of performance-based RSUs.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common for publicly traded companies like Starbucks. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies, and the reporting of these transactions via SEC Form 4 is a regulatory requirement.
- The vesting of restricted stock units and the subsequent sale of shares to cover tax obligations are common occurrences in executive compensation packages.
- Companies like McDonald's (MCD) and Dunkin' Brands (DNKN) also have similar reporting requirements for their executives' stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The sale of shares to cover tax obligations may have a slight downward pressure on the stock price, but it is not expected to be significant.
Key Dates
| Date | Description |
|---|---|
| 11/10/2021 | Date of the original grant of performance-based restricted stock units. |
| 09/30/2024 | Date of purchase of 37.7904 shares under the Employee Stock Purchase Plan. |
| 11/11/2024 | Date of the reported stock transactions, including vesting of RSUs and tax withholding. |
| 11/13/2024 | Date the Form 4 was signed. |
Keywords
Starbucks, SBUX, Sara Kelly, Executive Stock Transactions, Restricted Stock Units, RSUs, Form 4, Insider Trading
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