STARBUCKS CORP
For the period ended Mar 25, 2026. Filed Jan 26, 2026.
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Mar 25, 2026 · Filed Jan 26, 2026
Contents
Fiscal Year 2026 Annual and Long-Term Incentive Program Design Changes
In determining our compensation practices for fiscal year 2026, the Compensation Committee was mindful of the feedback provided by shareholders and the results of our most recent advisory vote on executive compensation.
Our annual bonus plan design remains the same for fiscal year 2026, except we have shifted from shared individual performance factor goals to function-specific objectives that contribute to the “Back to Starbucks” strategy as illustrated in the chart below.
We continued to refine our annual PRSU program design. For our fiscal year 2026 PRSU program, our three-year average global, company operated, comparable store sales metric will have a 60% weighting versus a 50% weighting, and the three-year average adjusted EPS metric was reduced to a 40% weighting. The Compensation Committee believes these changes align with our “Back to Starbucks” strategy and our increased focus on long-term sales growth. The chart below illustrates this change.
| 61 | STARBUCKS 2026 PROXY | EXECUTIVE COMPENSATION PROGRAM |
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