SIEVERT G MICHAEL 4

What Happened G. Michael Sievert, a director of Starbucks Corporation, was granted/acquired 3,667 restricted stock units (RSUs) on March 25, 2026. The Form 4 reports an acquisition price of $0 (grant), and the units were fully vested at the time of grant and immediately deferred under the Deferred Compensation Plan for Non‑Employee Directors.

Key Details

• Transaction date: 2026-03-25; transaction type/code: Grant/Award (A).
• Shares/units acquired: 3,667 RSUs; reported acquisition price: $0 (grant).
• Footnote: RSUs were fully vested at grant and deferred per the Deferred Compensation Plan for Non‑Employee Directors (per filing footnote).
• Shares owned after transaction: not specified in the provided summary of the Form 4.
• Filing date: 2026-03-27 (filed within normal SEC reporting window for this transaction).

Context

• This was a compensation grant to a non‑employee director, not an open‑market purchase or sale; such awards are routine director compensation and do not, by themselves, indicate a personal buy or sell decision.
• Deferred RSUs mean the director elected (or was required) to defer receipt of shares/payments under the company’s non‑employee director plan.