Starbucks (SBUX) EVP Sara Kelly Withholds 1,453.695 Shares for Taxes

What Happened

• Sara Kelly, EVP & Chief Partner Officer at Starbucks (SBUX), had 1,453.695 shares disposed on 2026-09-15 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The withholding was at $96.58 per share for a value of $140,398. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-09-15 at $96.58 per share.
• Shares disposed: 1,453.695; total proceeds/net value withheld: $140,398.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: Shares were withheld by the issuer to satisfy tax withholding on RSU vesting (not an open-market transaction).
  • F2: Reported holdings include 33.279 shares purchased on 2026-06-30 via the Starbucks Employee Stock Purchase Plan (ESPP).
  • F3: Reported holdings include 206 shares representing dividend equivalents on unvested time-based RSUs.
• Filing timeliness: Form 4 filed 2026-09-17 for a 2026-09-15 transaction — filed within the standard 2-business-day window (timely).

Context

• This was a cashless tax-withholding event tied to RSU vesting (issuer-retained shares), commonly seen when equity awards vest; it does not indicate an active decision to sell stock on the open market. Such withholdings are administrative and routine rather than a directional insider trade.