Starbucks Baristas: The daily grind
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Is there way to check if you missed any of your Starbucks shares vested or forgot to accept them? (self.starbucksbaristas)
submitted by Keeponrocking613
Or more personally Ive been with Starbucks for 6.5 years on average only 20 hours a week maybe even a bit less and have 29 shares of stock according to Fidelity. Does that seem accurate or would it be more? Is there a way to check what I missed? Thanks
colonade17 3 points 3y ago
29 shares fully vested seems slightly low. I got 8 after my first year and 9 my second year. But there's a different amount based on how many years you've worked, and SSVs get more than baristas. I think you'd have to contact fidelity or partner resources to sort it out.
Keeponrocking613 [OP] 2 points 3y ago
Thanks. I called fidelity and they said I actually did have much more stocks but some went out to taxes (not sure how that works) so I was getting 8 on average a year but almost half went to taxes
[deleted] 1 points 3y ago
You can get 8 a year and 4 will vest a year from now and the other 4 will vest 2 years from now. So when you accept grants from multiple years you will have 4 belonging to you after the one year but then after that you will have 8 vested shares every year because of the staggered schedule if that makes sense.
Half goes to taxes... lol yup that sounds about right. However the taxes they take out are based on the value of the stock. So say you have to pay $150 in taxes but your shares are only worth $80 each. Fidelity will withhold 2 shares from you, but those 2 shares were worth $160 total and you only owed $150 right? Starbucks will reimburse you the $10 on your paycheck.
So you may have already been paid a little bit of your shares and not realized it.
Half goes to taxes... lol yup that sounds about right. However the taxes they take out are based on the value of the stock. So say you have to pay $150 in taxes but your shares are only worth $80 each. Fidelity will withhold 2 shares from you, but those 2 shares were worth $160 total and you only owed $150 right? Starbucks will reimburse you the $10 on your paycheck.
So you may have already been paid a little bit of your shares and not realized it.
[deleted] 1 points 3y ago
[deleted]
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