STARBUCKS CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
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Employee Stock Plans
Note 12: Employee Stock Plans
As of March 31, 2024, there were 84.9 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.0 million shares available for issuance under our employee stock purchase plan.
Stock-based compensation expense recognized in the consolidated statements of earnings(in millions):
| Quarter Ended | Two Quarters Ended | |||
|---|---|---|---|---|
| Mar 31, 2024 | Apr 2, 2023 | Mar 31, 2024 | Apr 2, 2023 | |
| Restricted Stock Units (“RSUs”) | $78.3 | $74.1 | $173.2 | $159.2 |
| Options | (0.1) | 0.0 | (0.2) | 0.1 |
| Total stock-based compensation expense | $78.2 | $74.1 | $173.0 | $159.3 |
Stock option and RSU transactions from October 1, 2023 through March 31, 2024 (in millions):
| Stock Options | RSUs | |
|---|---|---|
| Options outstanding/Nonvested RSUs, October 1, 2023 | 2.0 | 7.3 |
| Granted | — | 4.1 |
| Options exercised/RSUs vested | (0.6) | (2.9) |
| Forfeited/expired | — | (0.4) |
| Options outstanding/Nonvested RSUs, March 31, 2024 | 1.4 | 8.1 |
| Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2024 | $— | $314.1 |
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