SEC Filing Analysis: STARBUCKS CORP (SBUX)

Executive Summary

• Trading Significance: Low
• Key Takeaway: The Chairman and CEO, Brian R. Niccol, was awarded 106,457 restricted stock units (RSUs) as part of a standard executive compensation package.
• Market Impact: This is a routine, non-market-moving event with negligible impact on shareholder dilution.

Company Information

Field	Value
Company	STARBUCKS CORP
Ticker Symbol	SBUX
CIK	0000829224
Industry	RETAIL-EATING & DRINKING PLACES

Insider Information

Field	Value
Name	Niccol Brian R
CIK	0001628588
Title/Position	chairman and ceo
Relationship	Director, Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-11
Transaction Code	A (Grant/Award)
Security Type	Common Stock
Shares Involved	106,457
Price Per Share	$0.00
Total Value	$0
Shares Owned After	486,292.094
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0
% of Market Cap	0.00%
Shares Transacted	106,457
% of Shares Outstanding	0.009%
Post-Transaction Ownership	486,292 shares (0.043% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: As a grant with a reported value of $0, the transaction is immaterial against Starbucks' $96.18 billion market capitalization.
• Ownership Concentration: The CEO's post-transaction ownership remains low at approximately 0.043% of total shares outstanding.
• Dilution Impact: The potential dilution from this grant is negligible, representing less than 0.01% of the company's outstanding shares.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: This is a standard executive compensation grant, not an open-market transaction reflecting insider sentiment on the stock's current valuation.

Volume & Sentiment

• Expected Volume Impact: None. This is a non-market transaction.
• Sentiment Indicator: Neutral. Equity awards are a routine part of executive pay and do not typically influence market sentiment.

Additional Context

Transaction Notes

• Vesting Schedule: The restricted stock units vest over four years, with the first 25% vesting on November 11, 2026, and the remainder vesting annually thereafter until November 11, 2029.