Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Oct. 01, 2023 |
Oct. 02, 2022 |
Oct. 03, 2021 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
This section provides disclosure about the relationship between executive compensation actually paid to our principal executive officer (“PEO”) and non-PEO NEOs and certain financial performance measures of the Company for the fiscal years listed below. This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act (the “Pay Versus Performance Rules”) and does not necessarily reflect how the Compensation Committee evaluates compensation decisions.
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Value of Initial
Fixed $100
Investment Based
On : |
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Summary
Compensation
Table Total for
Kevin Johnson |
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Compensation
Actually Paid
to Kevin
Johnson |
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Summary
Compensation
Table Total for
Howard
Schultz |
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Compensation
Actually Paid
to Howard
Schultz |
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Summary
Compensation
Table Total for
Laxman
Narasimhan |
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Compensation
Actually Paid
to Laxman
Narasimhan |
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Average Summary Compensation Table Total for non-PEO NEOs |
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Average Compensation Actually Paid to non-PEO NEOs |
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Total Share- holder Return (3-Year) |
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Peer Group Total Share- holder Return (3-Year) |
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$ |
0 |
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$ |
0 |
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|
$ |
757,597 |
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|
$ |
757,597 |
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|
$ |
14,604,531 |
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|
$ |
20,654,309 |
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$ |
5,232,397 |
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$ |
6,676,906 |
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$ |
114.96 |
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$ |
107.23 |
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$ |
4,124.5 |
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$ |
3.618 |
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$ |
16,718,154 |
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$ |
1,938,250 |
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$ |
374,558 |
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$ |
374,558 |
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|
$ |
0 |
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$ |
0 |
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$ |
7,460,700 |
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$ |
2,368,335 |
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$ |
103.93 |
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$ |
94.25 |
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$ |
3,281.6 |
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$ |
3.010 |
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$ |
20,425,162 |
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$ |
40,758,685 |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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$ |
5,901,721 |
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$ |
6,365,783 |
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$ |
136.25 |
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$ |
119.15 |
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$ |
4,199.3 |
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$ |
3.002 |
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(1) |
The following table lists the PEO and non-PEO NEOs for each of fiscal years 2023, 2022, and 2021. |
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Year |
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PEO |
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Laxman Narasimhan; Howard Schultz |
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Rachel Ruggeri, Michael Conway, Bradley E. Lerman, and Sara Kelly |
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Howard Schultz; Kevin Johnson |
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Laxman Narasimhan; Rachel Ruggeri, John Culver, Michael Conway, and Rachel Gonzalez |
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Kevin Johnson |
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Rachel Ruggeri, John Culver, Michael Conway, Rachel Gonzalez, Patrick Grismer, and Rosalind Brewer |
| (2) |
The dollar amounts reported represent the amount of “compensation actually paid,” as calculated in accordance with the Pay Versus Performance Rules. These dollar amounts do not reflect the actual amounts of compensation earned by or paid to our NEOs during the applicable year. For purposes of calculating “compensation actually paid,” the fair value of equity awards is calculated in accordance with ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table (refer to the Summary Compensation Table for additional information). |
| (3) |
The following table shows the amounts deducted from and added to the Summary Compensation Table total to calculate “compensation actually paid” to our PEOs in accordance with the Pay Versus Performance Rules: |
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2021 |
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2022 |
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2023 |
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Summary Compensation Table Total |
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$ |
20,425,162 |
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$ |
16,718,154 |
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$ |
0 |
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| |
|
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- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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($ |
14,755,014 |
) |
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($ |
15,385,875 |
) |
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$ |
0 |
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+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
15,067,557 |
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$ |
5,821,334 |
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$ |
0 |
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+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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$ |
13,773,087 |
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($ |
12,178,090 |
) |
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$ |
0 |
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+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
6,247,893 |
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$ |
6,216,807 |
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$ |
0 |
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+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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$ |
0 |
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$ |
745,921 |
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$ |
0 |
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- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Compensation Actually Paid |
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$ |
40,758,685 |
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$ |
1,938,250 |
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$ |
0 |
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2021 |
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2022 |
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2023 |
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Summary Compensation Table Total |
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$ |
0 |
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$ |
374,558 |
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$ |
757,597 |
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| |
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- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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| |
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- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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|
$ |
0 |
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|
$ |
0 |
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$ |
0 |
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| |
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Compensation Actually Paid |
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|
$ |
0 |
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$ |
374,558 |
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|
$ |
757,597 |
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2021 |
|
2022 |
|
2023 |
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Summary Compensation Table Total |
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$ |
0 |
|
|
|
$ |
0 |
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|
$ |
14,604,531 |
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| |
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- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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|
$ |
0 |
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|
$ |
0 |
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|
($ |
9,717,954 |
) |
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|
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+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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|
$ |
0 |
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|
$ |
0 |
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|
$ |
15,160,156 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
0 |
|
|
|
$ |
0 |
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|
|
$ |
275,413 |
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| |
|
|
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+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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|
$ |
0 |
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$ |
0 |
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|
$ |
0 |
|
| |
|
|
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+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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|
$ |
0 |
|
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|
$ |
0 |
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|
$ |
332,163 |
|
| |
|
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- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
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|
$ |
0 |
|
| |
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Compensation Actually Paid |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
20,654,309 |
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| (4) |
The following table shows the amounts deducted from and added to the average Summary Compensation Table total compensation to calculate the average “compensation actually paid” to our non-PEO NEOs in accordance with the Pay Versus Performance Rules. |
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| |
|
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2021 |
|
2022 |
|
2023 |
| |
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|
Summary Compensation Table Total |
|
|
$ |
5,901,721 |
|
|
|
$ |
7,460,700 |
|
|
|
$ |
5,232,397 |
|
| |
|
|
|
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
|
|
($ |
4,105,805 |
) |
|
|
($ |
4,833,690 |
) |
|
|
($ |
3,466,952 |
) |
| |
|
|
|
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
3,234,333 |
|
|
|
$ |
3,307,886 |
|
|
|
$ |
3,731,194 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
2,789,345 |
|
|
|
($ |
1,901,074 |
) |
|
|
$ |
153,303 |
|
| |
|
|
|
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
|
|
$ |
430,912 |
|
|
|
$ |
481,320 |
|
|
|
$ |
698,348 |
|
| |
|
|
|
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
|
|
$ |
984,174 |
|
|
|
($ |
290,338 |
) |
|
|
$ |
328,616 |
|
| |
|
|
|
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
($ |
2,868,897 |
) |
|
|
($ |
1,856,469 |
) |
|
|
$ |
0 |
|
| |
|
|
|
Compensation Actually Paid |
|
|
$ |
6,365,783 |
|
|
|
$ |
2,368,335 |
|
|
|
$ |
6,676,906 |
|
| (5) |
In accordance with the Pay Versus Performance Rules, the Company and the Company’s peer group cumulative total shareholder return (the “Peer Group TSR”) is determined based on the value of an initial fixed investment of $100 on September 25, 2020, through the end of the listed fiscal year. The Peer Group TSR set forth in this table was determined using S&P 500 Consumer Discretionary, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation S-K for our Annual Report on Form 10-K for the fiscal year ended October 1, 2023. |
| (6) |
We have determined that adjusted EPS is the financial performance measure that, in the Company’s assessment, represents the most important financial performance measure used to link “compensation actually paid” to our NEOs, for fiscal year 2023, to Company performance (the “Company Selected Measure” as defined in the Pay Versus Performance Rules). Adjusted EPS is a non-GAAP measure. Appendix A includes a reconciliation of adjusted EPS to the most directly comparable measure reported under GAAP as well as information regarding how these measures are calculated. |
| (7) |
Mr. Narasimhan was an NEO for fiscal year 2022 but was not appointed as ceo until fiscal year 2023. As a result, Mr. Narasimhan has been included as a non-PEO NEO for fiscal year 2022. |
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| Company Selected Measure Name |
Adjusted EPS
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| Named Executive Officers, Footnote |
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|
Year |
|
PEO |
|
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| |
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|
|
|
Laxman Narasimhan; Howard Schultz |
|
Rachel Ruggeri, Michael Conway, Bradley E. Lerman, and Sara Kelly |
| |
|
|
|
|
Howard Schultz; Kevin Johnson |
|
Laxman Narasimhan; Rachel Ruggeri, John Culver, Michael Conway, and Rachel Gonzalez |
| |
|
|
|
|
Kevin Johnson |
|
Rachel Ruggeri, John Culver, Michael Conway, Rachel Gonzalez, Patrick Grismer, and Rosalind Brewer |
|
|
|
| Peer Group Issuers, Footnote |
| (5) |
In accordance with the Pay Versus Performance Rules, the Company and the Company’s peer group cumulative total shareholder return (the “Peer Group TSR”) is determined based on the value of an initial fixed investment of $100 on September 25, 2020, through the end of the listed fiscal year. The Peer Group TSR set forth in this table was determined using S&P 500 Consumer Discretionary, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation S-K for our Annual Report on Form 10-K for the fiscal year ended October 1, 2023. |
|
|
|
| Adjustment To PEO Compensation, Footnote |
| (3) |
The following table shows the amounts deducted from and added to the Summary Compensation Table total to calculate “compensation actually paid” to our PEOs in accordance with the Pay Versus Performance Rules: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
2021 |
|
2022 |
|
2023 |
| |
|
|
|
Summary Compensation Table Total |
|
|
$ |
20,425,162 |
|
|
|
$ |
16,718,154 |
|
|
|
$ |
0 |
|
| |
|
|
|
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
|
|
($ |
14,755,014 |
) |
|
|
($ |
15,385,875 |
) |
|
|
$ |
0 |
|
| |
|
|
|
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
15,067,557 |
|
|
|
$ |
5,821,334 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
13,773,087 |
|
|
|
($ |
12,178,090 |
) |
|
|
$ |
0 |
|
| |
|
|
|
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
|
|
$ |
6,247,893 |
|
|
|
$ |
6,216,807 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
745,921 |
|
|
|
$ |
0 |
|
| |
|
|
|
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
Compensation Actually Paid |
|
|
$ |
40,758,685 |
|
|
|
$ |
1,938,250 |
|
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
2021 |
|
2022 |
|
2023 |
| |
|
|
|
Summary Compensation Table Total |
|
|
$ |
0 |
|
|
|
$ |
374,558 |
|
|
|
$ |
757,597 |
|
| |
|
|
|
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
Compensation Actually Paid |
|
|
$ |
0 |
|
|
|
$ |
374,558 |
|
|
|
$ |
757,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
2021 |
|
2022 |
|
2023 |
| |
|
|
|
Summary Compensation Table Total |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
14,604,531 |
|
| |
|
|
|
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
($ |
9,717,954 |
) |
| |
|
|
|
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
15,160,156 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
275,413 |
|
| |
|
|
|
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
332,163 |
|
| |
|
|
|
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
0 |
|
| |
|
|
|
Compensation Actually Paid |
|
|
$ |
0 |
|
|
|
$ |
0 |
|
|
|
$ |
20,654,309 |
|
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
$ 5,232,397
|
$ 7,460,700
|
$ 5,901,721
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 6,676,906
|
2,368,335
|
6,365,783
|
| Adjustment to Non-PEO NEO Compensation Footnote |
| (4) |
The following table shows the amounts deducted from and added to the average Summary Compensation Table total compensation to calculate the average “compensation actually paid” to our non-PEO NEOs in accordance with the Pay Versus Performance Rules. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
2021 |
|
2022 |
|
2023 |
| |
|
|
|
Summary Compensation Table Total |
|
|
$ |
5,901,721 |
|
|
|
$ |
7,460,700 |
|
|
|
$ |
5,232,397 |
|
| |
|
|
|
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
|
|
($ |
4,105,805 |
) |
|
|
($ |
4,833,690 |
) |
|
|
($ |
3,466,952 |
) |
| |
|
|
|
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
|
|
$ |
3,234,333 |
|
|
|
$ |
3,307,886 |
|
|
|
$ |
3,731,194 |
|
| |
|
|
|
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
|
|
$ |
2,789,345 |
|
|
|
($ |
1,901,074 |
) |
|
|
$ |
153,303 |
|
| |
|
|
|
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
|
|
$ |
430,912 |
|
|
|
$ |
481,320 |
|
|
|
$ |
698,348 |
|
| |
|
|
|
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
|
|
$ |
984,174 |
|
|
|
($ |
290,338 |
) |
|
|
$ |
328,616 |
|
| |
|
|
|
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
|
|
($ |
2,868,897 |
) |
|
|
($ |
1,856,469 |
) |
|
|
$ |
0 |
|
| |
|
|
|
Compensation Actually Paid |
|
|
$ |
6,365,783 |
|
|
|
$ |
2,368,335 |
|
|
|
$ |
6,676,906 |
|
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
COMPENSATION ACTUALLY PAID, TSR, AND PEER GROUP TSR
|
|
|
| Compensation Actually Paid vs. Net Income |
COMPENSATION ACTUALLY PAID AND NET INCOME
|
|
|
| Compensation Actually Paid vs. Company Selected Measure |
COMPENSATION ACTUALLY PAID AND ADJUSTED EPS
|
|
|
| Total Shareholder Return Vs Peer Group |
COMPENSATION ACTUALLY PAID, TSR, AND PEER GROUP TSR
|
|
|
| Tabular List, Table |
TABULAR DISCLOSURE OF MOST IMPORTANT PERFORMANCE MEASURES In accordance with the Pay Versus Performance Rules, the following table lists the four measures that, in the Company’s assessment, represent the most important financial performance measures used to link “compensation actually paid” to the Company’s NEOs, for fiscal year 2023, to Company performance, as further described in our CD&A within the sections titled “ Fiscal Year 2023 Executive Compensation Overview ” (see page 55), “ Financial Performance Goals (70%) ” (see page 58), and “ ” (see page 68).
|
Most Important Performance Measures |
| |
Adjusted EPS (1) (Company selected measure) |
| |
|
| |
Adjusted Operating Income (3) |
| |
Relative Total Shareholder Return |
| (1) |
Adjusted EPS is a non-GAAP measure. Appendix A includes a reconciliation of adjusted EPS to the most directly comparable measure reported under GAAP as well as information regarding how these measures are calculated. |
| (2) |
Adjusted net revenue is a non-GAAP measure. Appendix A includes a reconciliation of adjusted net revenue to the most directly comparable measure reported under GAAP as well as information regarding how these measures are calculated. |
| (3) |
Adjusted operating income is a non-GAAP measure. Appendix A includes a reconciliation of adjusted operating income to the most directly comparable measure reported under GAAP as well as information regarding how these measures are calculated. |
|
|
|
| Total Shareholder Return Amount |
$ 114.96
|
103.93
|
136.25
|
| Peer Group Total Shareholder Return Amount |
107.23
|
94.25
|
119.15
|
| Net Income (Loss) |
$ 4,124.5
|
$ 3,281.6
|
$ 4,199.3
|
| Company Selected Measure Amount |
3.618
|
3.01
|
3.002
|
| Measure:: 1 |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Name |
Adjusted EPS
|
|
|
| Non-GAAP Measure Description |
| (6) |
We have determined that adjusted EPS is the financial performance measure that, in the Company’s assessment, represents the most important financial performance measure used to link “compensation actually paid” to our NEOs, for fiscal year 2023, to Company performance (the “Company Selected Measure” as defined in the Pay Versus Performance Rules). Adjusted EPS is a non-GAAP measure. Appendix A includes a reconciliation of adjusted EPS to the most directly comparable measure reported under GAAP as well as information regarding how these measures are calculated. |
|
|
|
| Measure:: 2 |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Name |
Adjusted Net Revenue
|
|
|
| Measure:: 3 |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Name |
Adjusted Operating Income
|
|
|
| Measure:: 4 |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Name |
Relative Total Shareholder Return
|
|
|
| Laxman Narasimhan [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| PEO Total Compensation Amount |
$ 14,604,531
|
$ 0
|
$ 0
|
| PEO Actually Paid Compensation Amount |
$ 20,654,309
|
0
|
0
|
| PEO Name |
Laxman Narasimhan
|
|
|
| Howard Schultz [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| PEO Total Compensation Amount |
$ 757,597
|
374,558
|
0
|
| PEO Actually Paid Compensation Amount |
$ 757,597
|
374,558
|
0
|
| PEO Name |
Howard Schultz
|
|
|
| Kevin Johnson [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| PEO Total Compensation Amount |
$ 0
|
16,718,154
|
20,425,162
|
| PEO Actually Paid Compensation Amount |
$ 0
|
1,938,250
|
40,758,685
|
| PEO Name |
Kevin Johnson
|
|
|
| PEO | Laxman Narasimhan [Member] | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ (9,717,954)
|
0
|
0
|
| PEO | Laxman Narasimhan [Member] | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
15,160,156
|
0
|
0
|
| PEO | Laxman Narasimhan [Member] | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
275,413
|
0
|
0
|
| PEO | Laxman Narasimhan [Member] | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Laxman Narasimhan [Member] | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
332,163
|
0
|
0
|
| PEO | Laxman Narasimhan [Member] | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Howard Schultz [Member] | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| PEO | Kevin Johnson [Member] | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
(15,385,875)
|
(14,755,014)
|
| PEO | Kevin Johnson [Member] | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
5,821,334
|
15,067,557
|
| PEO | Kevin Johnson [Member] | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
(12,178,090)
|
13,773,087
|
| PEO | Kevin Johnson [Member] | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
6,216,807
|
6,247,893
|
| PEO | Kevin Johnson [Member] | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
745,921
|
0
|
| PEO | Kevin Johnson [Member] | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
0
|
0
|
0
|
| Non-PEO NEO | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
(3,466,952)
|
(4,833,690)
|
(4,105,805)
|
| Non-PEO NEO | Fair Value at Fiscal YearEnd of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
3,731,194
|
3,307,886
|
3,234,333
|
| Non-PEO NEO | Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
153,303
|
(1,901,074)
|
2,789,345
|
| Non-PEO NEO | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
698,348
|
481,320
|
430,912
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
328,616
|
(290,338)
|
984,174
|
| Non-PEO NEO | Fair Value as of Prior Fiscal YearEnd of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
|
|
|
| Pay vs Performance Disclosure |
|
|
|
| Adjustment to Compensation, Amount |
$ 0
|
$ (1,856,469)
|
$ (2,868,897)
|
