Restricted stock grant lifts Best Buy (NYSE: BBY) director holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BEST BUY CO INC director Richelle P. Parham reported an equity award of 2,611 shares of Common Stock. The shares were acquired as a grant of restricted stock units under the company’s Omnibus Incentive Plan at a stated price of $0.00 per share.
The award vests in full one year from the grant date. Following this grant and periodic acquisitions under a dividend reinvestment plan, Parham’s direct holdings total 27,373 shares of Best Buy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parham Richelle P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,611 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,373 shares (Direct, null)
Footnotes (1)
- Shares were acquired pursuant to a grant of restricted stock units under the Issuer's Omnibus Incentive Plan. The award vests in full one year from the grant date. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
Key Figures
Shares granted: 2,611 shares
Grant price: $0.00 per share
Shares after transaction: 27,373 shares
+1 more
4 metrics
Shares granted
2,611 shares
Restricted stock unit grant on June 12, 2026
Grant price
$0.00 per share
Stated acquisition price for RSU award
Shares after transaction
27,373 shares
Total direct holdings following grant
Vesting period
1 year
Award vests in full one year from grant date
Key Terms
restricted stock units, Omnibus Incentive Plan, dividend reinvestment plan, Section 16b-3(c)
4 terms
restricted stock units financial
"Shares were acquired pursuant to a grant of restricted stock units under the Issuer's Omnibus Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Omnibus Incentive Plan financial
"grant of restricted stock units under the Issuer's Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
dividend reinvestment plan financial
"This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c)."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Section 16b-3(c) regulatory
"dividend reinvestment plan exempt from reporting under Section 16b-3(c)."
FAQ
What did Best Buy (BBY) director Richelle P. Parham report in this Form 4?
Richelle P. Parham reported acquiring 2,611 shares of Best Buy common stock. The shares were granted as restricted stock units under the Omnibus Incentive Plan and carried a stated acquisition price of $0.00 per share as part of her director compensation.
What are the terms of Richelle P. Parham’s restricted stock grant at Best Buy (BBY)?
The Form 4 states the 2,611 shares were granted as restricted stock units under Best Buy’s Omnibus Incentive Plan. According to the footnote, the award vests in full one year from the grant date, making the vesting schedule relatively short and clearly defined.
What does the dividend reinvestment plan note mean in this Best Buy (BBY) filing?
A footnote explains that the reported holdings reflect periodic share acquisitions under a dividend reinvestment plan. These acquisitions are described as exempt from reporting under Section 16b-3(c), meaning they occur automatically when dividends are reinvested in additional Best Buy shares.