Best Buy (NYSE: BBY) director receives 2,611-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marte Mario Jesus reported acquisition or exercise transactions in this Form 4 filing.
Best Buy Co., Inc. director Mario Jesus Marte reported receiving 2,611 shares of common stock as a grant of restricted stock units under the company’s Omnibus Incentive Plan. The award vests in full one year from the grant date, and his direct holdings increased to 17,705 shares, including periodic dividend reinvestments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marte Mario Jesus
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,611 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,705 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
RSU grant size: 2,611 shares
Holdings after transaction: 17,705 shares
Grant vesting period: 1 year
+1 more
4 metrics
RSU grant size
2,611 shares
Restricted stock units granted to Mario Jesus Marte
Holdings after transaction
17,705 shares
Best Buy common stock directly owned after award
Grant vesting period
1 year
RSU award vests in full one year from grant date
Price per share
$0.0000
Reported transaction price per share for the RSU grant
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 insider transaction did Best Buy (BBY) director Mario Jesus Marte report?
Mario Jesus Marte reported an acquisition of 2,611 shares of Best Buy common stock. These were granted as restricted stock units under the Omnibus Incentive Plan, increasing his direct holdings to 17,705 shares after the transaction.
Was the Best Buy (BBY) insider transaction a market purchase or a grant?
The transaction was a grant, not a market purchase. Marte received 2,611 shares through a restricted stock unit award under Best Buy’s Omnibus Incentive Plan, with no cash price per share reported in the filing.
When do Mario Jesus Marte’s new Best Buy (BBY) restricted stock units vest?
The restricted stock units vest in full one year from the grant date. This means Marte must remain eligible through that one-year period to receive the shares outright, according to the terms disclosed in the filing footnote.