Best Buy director receives 2,611-share grant

BEST BUY CO INC director Richelle P. Parham reported an equity award of 2,611 shares of Common Stock.

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.

Insider Trade Summary

Grant/Award: 2,611 shares

Grant/Award 1 txn

Insider Parham Richelle P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,611	$0.00	$0.00

Holdings After Transaction: Common Stock — 27,373 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Best Buy (BBY) shares does Richelle P. Parham hold after this grant?

After the reported grant, Richelle P. Parham directly holds 27,373 shares of Best Buy common stock. This total includes the newly awarded 2,611 restricted stock units and shares periodically acquired through a dividend reinvestment plan noted in the Form 4 footnotes.

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.

Did Richelle P. Parham pay cash for the new Best Buy (BBY) shares?

No cash payment is indicated for this award. The transaction shows 2,611 shares acquired at a price of $0.00 per share, reflecting a grant of restricted stock units under Best Buy’s Omnibus Incentive Plan rather than an open-market purchase.

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.

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

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Accepted by SEC EDGAR 06/16/2026 - 04:44 PM EDT Learn about SEC filing dates

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^*

Parham Richelle P

(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)

X	Director		10% 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)

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	06/12/2026		A		2,611(1)	A	$0.0000	27,373(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. 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-fact	06/16/2026
	** 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)