SEC Filing Analysis: STARBUCKS CORP (SBUX)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Starbucks' evp, chief operating officer, Michael David Grams, received a routine grant of 18,514 Restricted Stock Units (RSUs) as part of an executive compensation plan.
• Market Impact: Neutral. This is a non-market transaction and represents standard executive compensation with negligible dilution.

Company Information

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

Insider Information

Field	Value
Name	GRAMS MICHAEL DAVID
CIK	0002073559
Title/Position	evp, chief operating officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-11
Transaction Code	A (Award)
Security Type	Common Stock
Shares Involved	18,514
Price Per Share	$0.00
Total Value	$0
Shares Owned After	28,750
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0
% of Market Cap	0.00%
Shares Transacted	18,514
% of Shares Outstanding	0.0016%
Post-Transaction Ownership	28,750 shares (0.0025% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: For a mega-cap company with a market capitalization of $96.18 billion, this grant is financially immaterial.
• Ownership Concentration: The insider's post-transaction ownership of 28,750 shares constitutes a very small fraction (0.0025%) of the total shares outstanding.
• Dilution Impact: The issuance of 18,514 new shares represents a negligible dilution of 0.0016% to existing shareholders, which is a routine cost of executive compensation.
• Transaction Significance: The transaction's significance is low as it's a non-cash award with zero market value at the time of grant and represents a tiny percentage of the company's equity.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: Equity grants are a standard form of compensation and do not reflect an insider's discretionary investment decision or sentiment about the company's near-term prospects.

Volume & Sentiment

• Expected Volume Impact: None. This is not an open-market transaction and will not directly impact trading volume.
• Sentiment Indicator: Neutral. The market typically views such compensation-related filings as routine business.

Additional Context

Transaction Notes

• Vesting Schedule: The Restricted Stock Units (RSUs) vest over a four-year period, with increments vesting on November 11 of 2026, 2027, 2028, and 2029. This structure is designed to align the executive's interests with long-term shareholder value.