Best Buy (NYSE: BBY) awards SVP Mathew Watson 5,874 restricted shares

Rhea-AI Filing Summary

Best Buy Co., Inc. executive Mathew Watson, SVP, Controller & CAO, received a grant of 5,874 restricted shares of common stock on July 20, 2026, recorded at $0.00 per share. These restricted shares will vest on June 20, 2027. After this award and periodic acquisitions through a dividend reinvestment plan, he directly holds 27,678 shares of Best Buy common stock.

Insider Trade Summary

Net Buyer: 5,874 shares

Net Buy 1 txn

Insider Watson Mathew

Role SVP, Controller & CAO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	5,874	$0.00	$0.00

Holdings After Transaction: Common Stock — 27,678 shares (Direct)

Footnotes (2)

1. F1. Restricted shares that will vest on June 20, 2027.
2. F2. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).

Key Figures

Restricted shares granted: 5,874 shares Per-share grant price: $0.00 per share Shares after transaction: 27,678 shares +1 more

4 metrics

Restricted shares granted 5,874 shares Award of Best Buy common stock on July 20, 2026

Per-share grant price $0.00 per share Reported price for the restricted share award

Shares after transaction 27,678 shares Direct holdings following the award and DRIP acquisitions

Vesting date June 20, 2027 Scheduled vesting date of the 5,874 restricted shares

Key Terms

Restricted shares, dividend reinvestment plan, Section 16b-3(c)

3 terms

Restricted shares financial

"Restricted shares that will vest on June 20, 2027."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

dividend reinvestment plan financial

"a periodic acquisition of shares under a dividend reinvestment plan"

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

"plan exempt from reporting under Section 16b-3(c)."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/22/2026 - 05:51 PM Accepted by SEC EDGAR 07/22/2026 - 05:51 PM Learn about SEC filing dates

FAQ

What insider transaction did Best Buy (BBY) report for Mathew Watson?

Best Buy reported that SVP, Controller & CAO Mathew Watson received a grant of 5,874 restricted shares of common stock on July 20, 2026. The transaction was recorded at $0.00 per share as a compensation-related award, not an open-market purchase.

When do Mathew Watson’s newly granted Best Buy (BBY) restricted shares vest?

The 5,874 restricted shares granted to Mathew Watson will vest on June 20, 2027. Until vesting, the shares are subject to restrictions, after which they typically become fully owned and transferable, subject to any applicable company or regulatory requirements.

How many Best Buy (BBY) shares does Mathew Watson hold after this transaction?

Following the July 20, 2026 award, Mathew Watson directly holds 27,678 shares of Best Buy common stock. This figure includes shares from a dividend reinvestment plan, which periodically adds shares through reinvested dividends under an arrangement exempt from certain Section 16 reporting.

What type of Form 4 transaction was reported for Best Buy (BBY) executive Mathew Watson?

The transaction is classified as a grant, award, or other acquisition of non-derivative common stock under code A. It reflects a compensation-related restricted share award, not a market buy or sell, and carries a reported per-share price of $0.00.

Did Mathew Watson buy or sell Best Buy (BBY) shares on the open market?

No open-market trade is reported. The Form 4 shows an acquisition via grant of 5,874 restricted shares at $0.00 per share, coded as an award (A). The filing does not list any purchases (P) or sales (S) on that date.

SEC Form 4

FORM 4

UNITED 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^*

Watson Mathew

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/20/2026		A		5,874(1)	A	$0.0000	27,678(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted shares that will vest on June 20, 2027.

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-fact	07/22/2026
	** Signature of Reporting Person	Date
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)