Best Buy director granted 2,611 shares in RSU award

Munce Claudia F. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Munce Claudia F. reported acquisition or exercise transactions in this Form 4 filing.

Best Buy Co., Inc. director Claudia F. Munce received an equity grant tied to her board service. She was awarded 2,611 shares of common stock at no cost, pursuant to a grant of restricted stock units under the company’s Omnibus Incentive Plan. The award vests in full one year from the grant date. After this grant, she directly holds 38,684 shares of Best Buy common stock.

Insider Trade Summary

Grant/Award: 2,611 shares

Grant/Award 1 txn

Insider Munce Claudia F.

Role Director

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

Holdings After Transaction: Common Stock — 38,684 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

RSU grant size: 2,611 shares Grant price: $0.00 per share Holdings after grant: 38,684 shares +1 more

4 metrics

RSU grant size 2,611 shares Restricted stock units granted to director on June 12, 2026

Grant price $0.00 per share Equity award granted at no cash cost to director

Holdings after grant 38,684 shares Total Best Buy common stock held directly by Claudia F. Munce after transaction

Vesting period 1 year RSU 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 Claudia Munce acquire in this Form 4?

Claudia F. Munce received 2,611 shares of Best Buy common stock, acquired through a grant of restricted stock units under the company’s Omnibus Incentive Plan. The grant was made at no cost as part of her director compensation.

How does this Form 4 affect Claudia Munce’s total Best Buy (BBY) share holdings?

Following the grant, Claudia F. Munce now directly holds 38,684 shares of Best Buy common stock. This total reflects the newly awarded 2,611 shares in addition to her prior holdings, as reported in the Form 4 filing.

When do Claudia Munce’s newly granted Best Buy (BBY) restricted stock units vest?

The restricted stock unit award vests in full one year from the grant date. This means Claudia F. Munce must remain eligible through that one-year period before the entire 2,611-share award becomes fully vested common stock.

Was Claudia Munce’s Best Buy (BBY) share acquisition an open-market purchase?

No, the shares were not bought in the open market. They were acquired at a price of $0.00 per share as a grant of restricted stock units under Best Buy’s Omnibus Incentive Plan, representing compensation rather than a cash investment.

What does the dividend reinvestment footnote in the Best Buy (BBY) Form 4 indicate?

A footnote explains that the reported number of shares also reflects periodic acquisitions under a dividend reinvestment plan exempt from Section 16b-3(c) reporting. These reinvested dividends increase holdings automatically without separate open-market transactions.

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^*

Munce Claudia F.

(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	38,684(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)