Starbucks : 2021 Proxy Presentation

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

		SCHEDULE 14A
		Proxy Statement Pursuant to Section 14(a) of the
		Securities Exchange Act of 1934
		(Amendment No. )
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STARBUCKS CORPORATION

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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Fiscal 2020 Annual Incentive Bonus Plan

			Adjusted Net	+	Adjusted Operating	+		Individual
			Revenue	Income
Base ($)	X	Target Annual Incentive Opportunity (%) X	Performance Factor
(weighted 40%)		(weighted 60%)
				weighted 70%				weighted 30%

• Individual Performance Factor ("IPF") accounts for 30% of the target value
• IPF is assessed against pre-established strategic, operational and leadership goals as well as retrospective review

Fiscal 2020 Leadership Stock Plan

Annual EPS Performance Averaged Over 3 Years X	3-yr rTSR vs S&P 500	+	Time-Based RSUs
(upward & downward modifier)
	60% Performance RSUs			40% Time-Based RSUs

• Time-basedRestricted Stock Units ("RSUs") account for 40% of annual awards, to better balance ownership and retention
• Performance-basedRSUs account for the remaining 60% of awards, measured on a three-year performance period with a three-year relative total shareholder return ("rTSR") modifier in order to further align compensation with shareholder interests

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Annual Incentive Bonus Plan ($ in millions)

FY19

FY20

FY21

PRSU Granted 11/14/2018

Min

Target

Max

Min

Target

Max

Min

Target

Max

EPS: Goals by Year

$2.465

$2.656

$2.901

$2.891

$3.043

$3.196

EPS: Actual

$2.731

$1.154

Payout Result

130%

0%

TSR Result

FY20

FY21

FY22

PRSU Granted 11/13/2019

Min

Target

Max

Min

Target

Max

Min

Target

Max

EPS: Goals by Year

$2.891

$3.043

$3.196

EPS: Actual

$1.154

Payout Result

0%

TSR Result

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*This information has been updated from the 2021 proxy statement, filed with the SEC on January 22, 2021	12

Richard E.	Rosalind G.	Andrew	Mary N.	Isabel	Mellody	Kevin R.
Allison, Jr.	Brewer *(1)	Campion	Dillon	Ge Mahe	Hobson	Johnson *
					(Independent
					Vice Chair) (2)

	Jørgen Vig	Satya	Joshua	Clara	Javier G.	Myron E.
	Knudstorp	Nadella	Cooper Ramo	Shih	Teruel	Ullman, III
* (Green) denotes current Starbucks partner (employee).			(Independent Chair) (2)
(1)	On January 25, 2021, Rosalind (Roz) Brewer informed the Company that she was resigning from the Board effective February 26, 2021. In
	connection with her resignation, Ms. Brewer has withdrawn as a candidate for re-election as a director at the Annual Meeting.
(2)	Myron E. Ullman III, the current Board Chair, has reached the retirement age under our Corporate Governance Principles and Practices, and	** This snapshot information has been updated from the 2021 proxy statement, filed 13
	will not stand for re-election at the Annual Meeting. If re-elected at the Annual Meeting, Mellody Hobson will become the next independent

chair of the board, in connection with Mr. Ullman's retirement.

with the SEC on January 22, 2021.

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*This information has been updated from the 2021 proxy statement, filed with the SEC on January 22, 2021

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*This information has been updated from the 2021 proxy statement, filed with the SEC on January 22, 2021

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*This information has been updated from the 2021 proxy statement, filed with the SEC on January 22, 2021	22

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