Best Buy director receives 2,611-share stock grant
BEST BUY CO INC director Steven E. Rendle received a grant of 2,611 shares of common stock as a restricted stock unit award.
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Form Type
4
Rhea-AI Filing Summary
BEST BUY CO INC director Steven E. Rendle received a grant of 2,611 shares of common stock as a restricted stock unit award. The grant was made at no cash cost to him under the company’s Omnibus Incentive Plan and will vest in full one year from the grant date.
After this award, Rendle directly holds 17,104 shares of Best Buy common stock. Footnote disclosure also indicates his holdings reflect periodic share acquisitions through a dividend reinvestment plan.
Insider Trade Summary
Grant/Award: 2,611 shares
Grant/Award
1 txn
Insider
Rendle Steven E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,611 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 17,104 shares (Direct)
Footnotes (2)
- 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.
- 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
Holdings after transaction: 17,104 shares
+1 more
4 metrics
Shares granted
2,611 shares
Restricted stock unit award on 2026-06-12
Grant price
$0.00 per share
Compensation grant, not open-market purchase
Holdings after transaction
17,104 shares
Direct Best Buy common stock held by Rendle after grant
Vesting period
One year
Restricted stock unit 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"
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 Steven E. Rendle report in this Form 4?
Steven E. Rendle reported receiving 2,611 shares of Best Buy common stock as a restricted stock unit grant. The award was issued under the Omnibus Incentive Plan and increased his direct holdings to 17,104 shares, reflecting equity-based compensation rather than an open-market purchase.
Was Steven E. Rendle’s Best Buy Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not a purchase. Rendle acquired 2,611 shares at a reported price of $0.00 per share as a restricted stock unit award under Best Buy’s Omnibus Incentive Plan, representing compensation rather than an open-market buy order.
When do Steven E. Rendle’s newly granted Best Buy restricted stock units vest?
The filing states that the restricted stock unit award vests in full one year from the grant date. This means Rendle will gain unrestricted rights to all 2,611 granted shares after one year, assuming continued satisfaction of the plan’s vesting conditions.
What plan governed Steven E. Rendle’s Best Buy (BBY) stock grant in this Form 4?
The stock grant was made under Best Buy’s Omnibus Incentive Plan. According to the footnotes, 2,611 shares were acquired as restricted stock units pursuant to this plan, providing equity-based compensation that vests entirely one year after the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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