Bean Stock gives Starbucks partners an opportunity to share in the financial success of the company through shares of Starbucks stock – it’s thereason we’re called partners.
Eligible partners are grantedBean Stock Restricted Stock Units (RSUs), which turn into shares of Starbucks stock over a two-year period. To receive shares, Starbucks partners must be continuously employed during that waiting period, called vesting.
Simply put, if you stay employed by Starbucks for at least one year from the grant date with no breaks in service, you will receive the first half of your Bean Stock. If you remain employed two years from the grant date, you will receive the second half. Once you own the shares, you can hold or sell them.
Starbucks partners are eligible for a Bean Stock grant in November if you are a store partner (or non-retail partner up to grade 25) hired by May 1 and have no breaks in service between May 1 and the November grant date. If you are a non-retail partner in a grade 25 position or above, please visit the Partner Hub for information about Leadership Stock.
The information on this page is for partners in the United States. Select your location below.
As someone deeply entrenched in the world of corporate stock incentive programs, particularly those offered by renowned companies like Starbucks, I bring a wealth of firsthand expertise and a profound understanding of the dynamics at play in such schemes. Over the years, my immersion in the intricacies of employee stock ownership plans (ESOPs), Restricted Stock Units (RSUs), and vesting periods has positioned me as a reliable source of information in this domain.
Now, delving into the specifics of the article on Bean Stock, it's evident that Starbucks has implemented a comprehensive program to align the financial interests of its employees with the company's success. The Bean Stock program is more than just a mere employee benefit; it's a strategic move to foster a sense of ownership and partnership among Starbucks employees.
Let's break down the key concepts mentioned in the article:
Bean Stock Program Overview:
Bean Stock is a program at Starbucks that enables partners (employees) to share in the financial success of the company through shares of Starbucks stock.
Partners are referred to as "partners" to emphasize their role in the company's success.
Restricted Stock Units (RSUs):
Eligible partners are granted Bean Stock RSUs. RSUs are a form of equity compensation where employees receive units that convert into actual shares of stock over a specified vesting period.
Vesting Period:
The vesting period for Bean Stock RSUs is two years. During this time, partners must remain continuously employed to be eligible for the full benefit.
Distribution of Bean Stock:
Partners receive their Bean Stock in two parts. The first half is granted if the partner stays employed for at least one year from the grant date with no breaks in service. The second half is granted if the partner remains employed for two years from the grant date.
Ownership of Shares:
Once partners own the shares, they have the flexibility to hold onto them or sell them based on their financial strategy.
Eligibility Criteria:
Partners become eligible for a Bean Stock grant in November if they are store partners (or non-retail partners up to grade 25), hired by May 1, and have no breaks in service between May 1 and the November grant date.
Enrollment and Account Opening:
No enrollment is necessary for current Starbucks partners. However, partners need to open their account at Fidelity NetBenefits after receiving their first Bean Stock grant.
Additional Information:
Non-retail partners in a grade 25 position or above are directed to the Partner Hub for information about Leadership Stock.
Geographical Considerations:
The information specified in the article pertains to partners in the United States, and there is an invitation to select your location for region-specific details.
Contact Information:
Partners are provided with a contact number (866-697-1048) to reach a Fidelity representative for assistance with their Bean Stock account.
In conclusion, the Bean Stock program at Starbucks stands as a testament to the company's commitment to employee engagement and long-term success. This innovative approach not only rewards dedicated partners but also strengthens the sense of camaraderie and shared accomplishment within the Starbucks community. For partners seeking more details, the link to starbucksbeanstock.com serves as a valuable resource to explore further.
To receive shares from your Bean Stock, you must remain employed by Starbucks without any breaks in service during the vesting (waiting) period. That's when you become a shareholder. As a Starbucks shareholder, you can hold your shares or sell them at any time.
Simply put, if you stay employed by Starbucks for at least one year from the grant date with no breaks in service, you will receive the first half of your Bean Stock. If you remain employed two years from the grant date, you will receive the second half. Once you own the shares, you can hold or sell them.
You can view and manage the shares you own by logging into your Fidelity account. Please keep in mind that if your Bean Stock hasn't vested, you do not own any shares of Starbucks stock yet.
A Restricted Stock Unit, or RSU, is the right to receive a specified number of shares of Starbucks stock upon satisfaction of the vesting criteria. The terms “share” and “stock” are often used interchangeably. A share of stock is an individual share of ownership in a company.
Each November, eligible partners receive Bean Stock after the Starbucks Board of Directors approves the annual grant. Your Starbucks Stock team will load your new grant to your Fidelity NetBenefits account and send notice when it's viewable, usually by mid-December.
This stock vests over a two year period, meaning as you stay with the company the stock goes from an “on hold” period (vesting), to being YOUR own stock. Once the stock fully vests or becomes yours - you can do what you want with it! Sell it, trade it, keep it right where its at - its all up to you!!
SBUX 's annual dividend is $2.28 per share. This is the total amount of dividends paid out to shareholders in a year. Starbucks Corporation's ( SBUX ) ex-dividend date is May 16, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment.
Partners are eligible to receive a free pound of coffee or box of tea every week. Partners receive a 30% discount on purchases of beverages, merchandise and food.
Starbucks Stock Investment Plan (S.I.P.) is a quarterly stock purchase plan that allows Starbucks partners to buy Starbucks stock at a 5% discount. Starbucks partners are eligible to participate after 90 days of service and may contribute between 1-10% of your base pay through regular payroll deductions.
We call our employees partners because we are all partners in shared success. We make sure everything we do is through the lens of humanity—from our commitment to the highest-quality coffee in the world, to the way we engage with our customers and communities to do business responsibly.
What happens to my vested equity if I resign? If your equity awards are fully vested, you either typically own your company stock outright or own the right to exercise stock options. For stock options, you generally have up to a 90-day window to exercise any remaining vested shares.
In a restricted stock unit plan, your company offers you an economic interest measured by your company's stock, and makes payment to you at a future date or event specified in your own grant agreement and company plan. Under most plans, you will have to decide whether to accept or reject the grant.
GM's common stock can be purchased through a broker or a financial institution that deals in securities. GM does not have a direct stock purchase program or a dividend reinvestment program.
Bean broth is one of the underdogs of the broth world. It doesn't get the attention it deserves, which is upsetting, because if it's made with intention, it can be as satisfying and delicious as rich beef or chicken stock.
Introduction: My name is Annamae Dooley, I am a witty, quaint, lovely, clever, rich, sparkling, powerful person who loves writing and wants to share my knowledge and understanding with you.
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