Director at Best Buy (NYSE: BBY) gets 2,611-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Best Buy Co., Inc. director Lisa Caputo received an equity award of 2,611 shares of common stock. The shares were acquired at no cash cost to her as a grant of restricted stock units under Best Buy’s Omnibus Incentive Plan and will vest in full one year from the grant date. Following this award, she directly owns 65,067 Best Buy shares. A footnote also notes periodic share acquisitions through a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Caputo Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,611 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 65,067 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
Post-transaction holdings: 65,067 shares
+1 more
4 metrics
Shares granted
2,611 shares
Restricted stock unit grant on common stock
Grant price
$0.00 per share
Equity compensation, not market purchase
Post-transaction holdings
65,067 shares
Direct ownership after award
Vesting period
One 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
"periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c)."
FAQ
What did Best Buy (BBY) director Lisa Caputo report on this Form 4?
Lisa Caputo reported receiving an equity award of 2,611 shares of Best Buy common stock. The shares came from a grant of restricted stock units under the company’s Omnibus Incentive Plan and increased her direct holdings to 65,067 shares.
When do Lisa Caputo’s new Best Buy (BBY) restricted stock units vest?
The filing states the award vests in full one year from the grant date. This means all 2,611 restricted stock units convert into shares after one year, assuming applicable vesting conditions under the Omnibus Incentive Plan are satisfied.
What does the dividend reinvestment plan note mean for Best Buy (BBY) director holdings?
A footnote explains that some shares reflect periodic acquisitions under a dividend reinvestment plan. Dividends paid in cash are automatically reinvested into additional Best Buy shares, gradually increasing holdings without separate reportable open‑market transactions under Section 16b‑3(c).