secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0000829224-25-000048
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks grants $6M target PRSUs to executives tied to 'Back to Starbucks' turnaround goals
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- Target value $6M per executive; vesting after FY2027 based on operational and strategic goals.
- Threshold goal: meaningfully reduce operating expenses; payout up to 200% of target if TSR >= S&P 500 50th percentile.
- Metrics include Green Apron Service rollout, coffeehouse uplifts, new food/beverage platforms, and Rewards revamp.
- Awards 100% performance-based; require service through settlement to vest.
- Designed to retain senior leaders and drive turnaround plan; aligns with shareholder value creation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000048/0000829224-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000048/sbux-20250629.htm
  HTML page:      https://secwatch.observer/filing/0000829224-25-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer