At Starbucks, employees aren’t just employees, they’re partners. This philosophy extends to the company’s stock ownership program, Starbucks Partner Stock, which gives partners a unique opportunity to share in the company’s success and build long-term financial security.

What is Partner Stock?

Partner Stock is an equity compensation program offered to eligible Starbucks partners in the United States and Canada. The program grants partners restricted stock units (RSUs), which are shares of Starbucks stock that vest over time.

This means that partners don’t immediately own the awarded shares, but they gradually become theirs as they meet specific vesting conditions, typically based on continued employment with Starbucks.

Benefits of Partner Stock

• Shared Ownership: Partner Stock allows partners to directly own a piece of the company they work for, fostering a sense of ownership and responsibility for its success.
• Long-Term Financial Security: Vested RSUs can be sold for cash, providing partners with a significant financial benefit upon leaving the company or in retirement.
• Tax Advantages: Partner Stock offers tax benefits compared to traditional stock options. Partners are only taxed on the value of their RSUs when they vest, not when they are awarded.
• Motivation and Engagement: Partner Stock incentivizes partners to perform well and contribute to the company’s success, knowing they have a direct stake in its financial performance.

Eligibility and Participation

To be eligible for Partner Stock, partners must meet specific criteria, including:

• Employment status: Be a full-time or part-time partner employed by Starbucks directly (not through a franchise).
• Time with the company: Have completed at least six months of continuous employment as of the grant date.
• Grade level: Be above the grade level of a temporary partner or seasonal partner.

How Long Are Shifts at Starbucks?

The length of shifts at Starbucks or How long are shifts at Starbucks varies depending on several factors, including:

• Store Location: Busy stores in high-traffic areas are more likely to have longer shifts than quieter stores.
• Time of Day: Shifts tend to be longer during peak hours (mornings and evenings) and shorter during off-peak hours.
• Position: Baristas typically have shorter shifts than shift supervisors and managers.
• Employee Availability: Starbucks works with employees to create schedules that meet their needs and availability.

Here’s a general breakdown of shift lengths at Starbucks:

• Baristas: 4-8 hours
• Shift Supervisors: 6-10 hours
• Managers: 8-12 hours

However, it’s important to note that these are just averages, and your actual shift length may vary.

Granting and Vesting

Starbucks grants RSUs to eligible partners annually, typically in November. The number of RSUs granted depends on factors like the partner’s grade level and years of service.

The RSUs vest over a period of time, typically in increments over three years.

Types of Partner Stock

There are two types of Partner Stock:

• Performance-based: These RSUs vest based on the company’s performance against pre-determined financial metrics.
• Time-based: These RSUs vest based on the partner’s continued employment with Starbucks and meeting specific service milestones.

Managing Partner Stock

Once RSUs vest, partners have various options for managing their shares:

• Sell: Partners can sell their vested RSUs on the open market for cash.
• Hold: Partners can choose to hold their vested RSUs for long-term investment, potentially benefiting from future growth in the company’s stock price.
• Reinvest: Partners can choose to reinvest their vested RSUs back into the Partner Stock program, potentially acquiring additional shares over time.

Resources and Support

Starbucks provides various resources and support to help partners understand and manage their Partner Stock:

• Online portal: Partners can access their account information, view granted and vested RSUs, and manage their investment options through a secure online portal.
• Financial education workshops: Starbucks offers workshops and educational resources to help partners understand stock options and make informed investment decisions.
• Employee assistance program: Partners can access confidential financial counseling services through the company’s employee assistance program.

Overall, Starbucks Partner Stock is a significant benefit that underscores the company’s commitment to its employees.

By providing partners with a stake in the company’s success, Starbucks fosters a sense of ownership, motivates engagement, and helps partners build long-term financial security.

Additional Notes

• The value of Partner Stock is subject to market fluctuations.
• Partners should carefully consider their individual financial circumstances and seek professional advice before making any investment decisions.
• Specific details and participation rules for Partner Stock may vary depending on location.

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