STARBUCKS CORP (SBUX)

Starbucks Corporation Continuing Named Executive Officers — Retention | Performance-based restricted stock units (PRSUs) granted to continuing named executive officers.; Award has a target value of $6,000,000.; Vesting is eligible following fiscal year 2027, based on achievement of pre-determined goals.; Payout is contingent on meeting a threshold goal for operating expense reduction.; Potential payout up to 200% of target based on goals related to Green Apron Service program, coffeehouse uplifts, new food/beverage platforms, and Starbucks Rewards program.; Payout subject to downward adjustment if relative total shareholder return vs. S&P 500 is below the 50th percentile.; Requires continued service through the settlement date for vesting.

Named Executive Officers Performance-based Restricted Stock Units – Back to Starbucks

Marissa Mayer — Director Compensation | Entitled to a prorated portion of the annual compensation paid to non-employee directors.; Compensation details are described in the Company's definitive proxy statement filed January 24, 2025.

Dambisa F. Moyo — Director Compensation | Entitled to a prorated portion of the annual compensation paid to non-employee directors.; Compensation details are described in the Company's definitive proxy statement filed January 24, 2025.

Mike Grams — Employment Agreement | Base salary increased to $900,000 per year.; Annual incentive bonus target increased to 125% of base salary.; Salary and bonus proration for fiscal year 2025.; Oversees North American coffeehouses, global coffeehouse development, and global supply chain.; Appointment effective immediately.

Brad Lerman — Severance | Separation from the Company as EVP, Chief Legal Officer, effective at a date to be determined.; Continues to serve as Chief Legal Officer until successor is identified and in role.; Separation meets the conditions of the 'without cause' provisions of the Company's Executive Severance and Change in Control Plan.

Cathy Smith — Offer Letter | Initial base salary of $925,000 per year.; Annual cash incentive opportunity at a target of 125% of base salary, prorated for fiscal year 2025.; Cash signing bonus of $5,000,000, paid in two installments (50% after one month, 50% after twelve months of employment).; Replacement equity grant with a target value of $6,400,000, consisting of 60% performance-based RSUs and 40% time-based RSUs.; Fiscal year 2025 annual equity award with a target value of $4,500,000, consisting of 60% performance-based RSUs and 40% time-based RSUs.; The vesting of the Replacement Grant and the 2025 Annual Grant will continue if employment is terminated by the Company without cause.; Entitled to standard relocation benefits for senior executives and subject to restrictive covenants (non-competition, non-solicitation, confidential information protection).