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She will also receive a one-time long-term incentive award valued at $20.2 million in Walgreens stock, bringing her total bonus to nearly $25 million.
Brewer will also be eligible for an annual bonus with a target payout of 200% of eligible earnings, according to the filing.
Before joining Walgreens, Brewer will finish a three-year stint at Starbucks where she served as the chief operating officer since October 2017 and as a director since March 2017.
Incoming Walgreens Boots Alliance CEO Rosalind Roz Brewer (iStock)
During her time at the Seattle-based coffee chain, Brewer guided the company in its shift toward digital sales, led a tech-based overhaul of its company-owned stores and revamped employee benefits. More recently, she led the company’s effort to adjust its store operations during the coronavirus pandemic.