Form 4: Starbucks Executive Sara Kelly Sells Shares to Cover Tax Obligations

Starbucks EVP, Chief Partner Officer Sara Kelly sold 840.888 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Sara Kelly, an Executive Vice President and Chief Partner Officer at Starbucks, sold 840.888 shares of Starbucks common stock on November 14, 2024.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The price per share was $99.23.
• Following the transaction, Kelly directly owns 44,341.9955 shares of Starbucks common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for an executive, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with vesting of restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not affect the company's operations or financial health.

Key Dates

Keywords

Starbucks, Sara Kelly, stock sale, insider trading, executive compensation, restricted stock units, tax obligations