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Starbucks | 8-K: Letter Agreement Amending Offer Letter dated November 19, 2024

Starbucks | 8-K: Letter Agreement Amending Offer Letter dated November 19, 2024

星巴克 | 8-K:修订2024年11月19日要约信函的信函协议
美股SEC公告 ·  11/22 05:10

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On November 19, 2024, Starbucks announced amendments to CEO Brian Niccol's offer letter, initially dated August 11, 2024. The amendments aim to align Niccol's performance-based equity grants with the company's grant practices, focusing on target value rather than grant date fair value.The board approved a Replacement Grant for Niccol, with a target value between $75M and $80M, calculated using the closing stock price on the grant date. Additionally, Niccol is eligible for a 2025 annual grant with a target value of $23M, subject to performance-based adjustments by the board.These changes ensure clarity in Niccol's compensation structure, reflecting Starbucks' commitment to aligning executive incentives with company performance.
On November 19, 2024, Starbucks announced amendments to CEO Brian Niccol's offer letter, initially dated August 11, 2024. The amendments aim to align Niccol's performance-based equity grants with the company's grant practices, focusing on target value rather than grant date fair value.The board approved a Replacement Grant for Niccol, with a target value between $75M and $80M, calculated using the closing stock price on the grant date. Additionally, Niccol is eligible for a 2025 annual grant with a target value of $23M, subject to performance-based adjustments by the board.These changes ensure clarity in Niccol's compensation structure, reflecting Starbucks' commitment to aligning executive incentives with company performance.
2024年11月19日,星巴克宣布了对首席执行官布莱恩·尼科尔最初于2024年8月11日发出的录取通知书的修订。修正案旨在使Niccol基于绩效的股权补助与公司的拨款做法保持一致,侧重于目标价值而不是授予日的公允价值。董事会批准了Niccol的替代补助金,目标价值在7500万美元至8000万美元之间,使用拨款日的收盘价计算。此外,Niccol有资格获得2025年年度拨款,目标价值为2300万美元,但须视董事会基于绩效的调整而定。这些变化确保了Niccol薪酬结构的清晰度,反映了星巴克致力于使高管激励措施与公司业绩保持一致的承诺。
2024年11月19日,星巴克宣布了对首席执行官布莱恩·尼科尔最初于2024年8月11日发出的录取通知书的修订。修正案旨在使Niccol基于绩效的股权补助与公司的拨款做法保持一致,侧重于目标价值而不是授予日的公允价值。董事会批准了Niccol的替代补助金,目标价值在7500万美元至8000万美元之间,使用拨款日的收盘价计算。此外,Niccol有资格获得2025年年度拨款,目标价值为2300万美元,但须视董事会基于绩效的调整而定。这些变化确保了Niccol薪酬结构的清晰度,反映了星巴克致力于使高管激励措施与公司业绩保持一致的承诺。
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