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Best Buy (NYSE: BBY) director receives 2,611-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Best Buy director Melinda D. Whittington received a grant of 2,611 shares of Best Buy common stock as a compensation award. The shares were issued as restricted stock units under the company’s Omnibus Incentive Plan and will vest in full one year from the grant date.

After this award, Whittington directly holds 11,918 shares of Best Buy common stock. This is a non-market, compensation-related acquisition rather than an open-market purchase.

Positive

  • None.

Negative

  • None.
Insider Whittington Melinda D
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,611 $0.00 --
Holdings After Transaction: Common Stock — 11,918 shares (Direct, null)
Footnotes (1)
  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).
Restricted stock grant 2,611 shares Common Stock RSU award to director Melinda D. Whittington
Grant price $0.0000 per share Equity compensation, not an open-market purchase
Post-transaction holdings 11,918 shares Total Best Buy common shares directly held after grant
Vesting period One year Restricted stock unit award vests in full one year from grant date
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
"periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c)."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Whittington Melinda D
(Last)(First)(Middle)
7601 PENN AVENUE S.
(Street)
RICHFIELD MINNESOTA 55423
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [ BBY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/12/2026A2,611(1)A$0.000011,918(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
/s/ Jodie H. Crist, Attorney-in-fact06/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Best Buy (BBY) director Melinda Whittington report on this Form 4?

Melinda D. Whittington reported receiving 2,611 shares of Best Buy common stock as a grant of restricted stock units. The award was issued under Best Buy’s Omnibus Incentive Plan and represents equity-based compensation rather than an open-market stock purchase.

How many Best Buy (BBY) shares does Melinda Whittington hold after this grant?

Following the reported transaction, Melinda D. Whittington directly holds 11,918 shares of Best Buy common stock. This total includes the newly granted 2,611 restricted stock unit shares that were added to her existing equity position as disclosed in the Form 4.

Was Melinda Whittington’s Best Buy (BBY) transaction a market purchase or a grant?

The transaction was a grant of 2,611 restricted stock units, not a market purchase. The shares were acquired at a price of $0.0000 per share under Best Buy’s Omnibus Incentive Plan, reflecting equity compensation rather than cash paid in the open market.

When do Melinda Whittington’s new Best Buy (BBY) restricted stock units vest?

The award of 2,611 restricted stock units vests in full one year from the grant date. Until vesting, the shares are subject to the plan’s restrictions, after which they are scheduled to become fully owned by Melinda Whittington if vesting conditions are satisfied.

What does the dividend reinvestment footnote mean in Melinda Whittington’s Best Buy (BBY) Form 4?

One footnote explains that a reflected share number includes periodic acquisitions under a dividend reinvestment plan. These acquisitions are exempt from reporting under Section 16b-3(c), indicating some incremental shares arose automatically from reinvested dividends rather than discretionary market transactions.