SERVITJE DANIEL 4

What Happened

• Daniel Servitje, a member of the Starbucks Board of Directors, was granted 3,667 restricted stock units (RSUs) on March 25, 2026. The Form 4 reports the acquisition price as $0.00, which is standard for equity awards.
• The RSUs are fully vested at grant but are deferred for distribution until Servitje’s termination of service as a director under Starbucks’ Deferred Compensation Plan for Non‑Employee Directors. The filing does not report an immediate cash value realized.

Key Details

• Transaction date: 2026-03-25; Filing date: 2026-03-27 (filed within the typical two-business-day Form 4 window).
• Reported acquisition: 3,667 shares at $0.00 (award/grant, code A).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes:
  • F1: RSUs granted on March 25, 2026, fully vested at grant and deferred until termination of director service under the Deferred Compensation Plan.
  • F2: Includes 204 deferred stock units representing dividends on deferred stock units under a dividend reinvestment plan.
• No 10b5-1 plan, tax-withholding sale, or immediate sale indicated.

Context

• This is an equity award (RSUs) rather than an open‑market purchase or sale. Although the award is “acquired” at $0 for reporting purposes, its eventual cash value will depend on Starbucks’ stock price when the deferred units are distributed.
• Awards that are vested but deferred are common compensation for non‑employee directors and do not necessarily indicate a buy/sell signal by the insider.