Starbucks clarifies CEO Niccol's equity grants with $75-80M replacement and $23M FY2025 target

STARBUCKS CORP

Replacement grant target value of $75M-$80M, calculated using grant-date closing price; board ratified amendments.
FY2025 annual equity award set at $23M target value, adjustable by board based on performance.
Amendments correct the original offer letter to align with company's grant practices using target value.
Letter signed by Lead Independent Director Mellody Hobson and accepted by Brian Niccol on Nov 19, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.