Starbucks Baristas: The daily grind
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Anyone willing to discuss how bean stock works? (self.starbucksbaristas)
submitted by daylightdreamer99
Hello, I (18f) have been working for Starbucks since September 2019. I recently received mail about accepting Bean Stock. I've heard of it and kinda seen it on Net Fidelity when I set up my 401k. I also read it takes 2 years for th stock to mature once started. But I don't really know what this means or what shared are. Is there anyone familiar with it who could DM and explain or discuss with me about it? Or is there a better resource I can contact and learn about it? Thank you.
sailorgrumpycat 4 points 2y ago
Share of stock are basically fractional or partial ownership of a company, meaning that when you own stock in a company if the company makes profits and grows the stock prices generally go up or are worth more and the value of your partial ownership goes up. Starbucks issues annual stock grants to employees as an incentive for employment, but they take time before you own them fully as a way to try and keep you employed at Starbucks, which is the vesting time or maturity date. The message on netbenefits should have had a link to click on that shows the maturity schedule, but basically the shares that were available December 11th have a split maturity, meaning that some will become yours at different times. Half will be yours in one year (December 2021) and the next half will be yours in 2 years (December 2022). If you stay with Starbucks for long enough, each year you should have some mature.
daylightdreamer99 [OP] 2 points 2y ago
Thank you so much for your explanation. That makes a lot more sense now! I do intend to stay with the company another 4-5 years so it seems worthwhile. If I were to get the stock until 2 years do I sell shares to make money or do I continue keeping the bean stock?
sailorgrumpycat 2 points 2y ago
So, what you do with your shares of stock depends on your financial situation at the time of maturity and should be based on your and your financial advisor's (which you probably don't have, i don't, i just use market research i find on my own) opinion on the future of the company. Basically, once you own the shares there are two ways that you could potentially make money from them: selling them (typically done when the shares are worth more than when they were acquired or if you suspect the value will decrease sharply and you want to avoid a loss in value) or dividends (payments made by the company to shareholders in a certain order and based on the amount of stock owned). Once the shares are yours you can do with them as you please (sell or keep). Starbucks does pay dividends to shareholders, its not much (I think like or 40¢ per share) so as you stay longer you will get more shares and your dividend will go up, also you can by more stock at a reduced price through Starbucks and Fidelity, so it might be more worthwhile to keep the stock and get more.
daylightdreamer99 [OP] 2 points 2y ago
That makes much more sense!! Thank you!!💕💕
therealMrsMashatt 2 points 2y ago
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