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Starbucks Baristas: The daily grind

Full History - 2021 - 12 - 11 - ID#re4imd
10
Partner Stocks (self.starbucksbaristas)
submitted by MahNellie
I’m really confused on how our stocks work. Is their a video explaining it. I feel really stupid when I’m trying to understand it all. Like when I accept the grant am I suppose to do anything after that?
Ristrettooo 10 points 1y ago
Yes, there are a few videos featuring anthropomorphic coffee beans at https://starbucksbeanstock.com/en-us/welcome-en-us/
MahNellie [OP] 2 points 1y ago
Thank you!
sailorgrumpycat 5 points 1y ago
But essentially, (and the videos should explain some of it and you should also read the prospectus and the grant agreement) no, once you have accepted them they just need to sit and vest before becoming a part of your portfolio.
jazzysoranio 5 points 1y ago
In short, you get an email saying to accept what they gave you. It will direct you to a Fidelity website where you’ll need to login (create user and password if you don’t already have it). There you’ll have prompts to read and accept some grants. After that you basically wait a year. The stocks they give you are restricted and a year from now you’ll gain access to 50% of the value. And then 50% of the remaining value the year after, and then the remainder the year after that. But all that only happens as long as you remain employed. Basically they aren’t worth anything to you until you’ve had them for a whole year. They give it to you as incentive to remain with the company. If you quit you lose any stocks that hadn’t “matured yet” but you get to keep whatever had matured already. So, if you quit a year from now you’ll get to keep the 50% that matured next year but you’ll lose the other 50% that hadn’t yet. I don’t know how much you got but it’s probably a couple hundred bucks. Not a fortune, but it’s still free money. It’s also supposed to be incentive for you to help the company prosper since now you own a small chunk of the company so if the company profits you’ll see your stocks grow. They also keep giving you new stocks every year that will go through this same cycle. So next year two things will happen: your stocks from this year will become 50% available to you, and you’ll also get a new set of restricted stocks.
SaevioAvis 3 points 1y ago
I’ve been a partner for only a year and a half, and just pulled out some of the stock in November for Christmas gifts, and pulled out over $2500. So it’s a benefit I really enjoy.
jazzysoranio 1 points 1y ago
Damn. You got that much after just a year and a half?
SaevioAvis 1 points 1y ago
Yup. I started in February 2020 and I cashed out in November 2021. And got $2580 something and change. And if I had waited just another week, I had another $400 deposit. I really don’t know how bean stock works. No one’s been able to explain it more than the odd videos they give us to explain. But I know I get money in my fidelity every few months. I think I cashed out a total of 22 shares.
jazzysoranio 1 points 1y ago
Did you sign up to purchase more stocks? You only get stocks once a year, so if you’re getting it more regularly I wonder if maybe you have a stock purchase option set up. Not sure how that work or if that’s even a thing.
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