---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-24-000059"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:26:30.318599+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-24-000059
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922424000059/0000829224-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922424000059/sbux-20241119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-24-000059
- JSON: https://secwatch.observer/filing/0000829224-24-000059.json
- Plain text: https://secwatch.observer/filing/0000829224-24-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.