Best Buy HR chief granted 32K restricted shares

Best Buy’s SEVP and CHRO received a restricted stock grant that increases her direct holdings to 136,069 BBY shares.

Available on EDGAR 09/21/2026 - 04:46 PM EDT Accepted by SEC EDGAR 09/21/2026 - 04:44 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BEST BUY CO INC (BBY) reported that officer Kathleen Scarlett, SEVP and Chief Human Resources Officer, received a grant of 32,311 shares of common stock on September 20, 2026 as a restricted share award.

The restricted shares will vest in full on November 1, 2027. After this award and periodic acquisitions under a dividend reinvestment plan, Scarlett directly holds 136,069 shares of Best Buy common stock.

Insider Trade Summary

Grant/Award: 32,311 shares

Grant/Award 1 txn

Insider Scarlett Kathleen

Role SEVP, CHRO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	32,311	$0.00	$0.00

Holdings After Transaction: Common Stock — 136,069 shares (Direct)

Holdings Before and After: Common Stock, 103,758 to 136,069 shares (Direct)

Footnotes (2)

1. F1. Restricted shares that will vest in full on November 1, 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: 32,311 shares Post-transaction holdings: 136,069 shares Vesting date of restricted shares: November 1, 2027 +1 more

4 metrics

Restricted shares granted 32,311 shares Grant of common stock on September 20, 2026

Post-transaction holdings 136,069 shares Shares directly held by Kathleen Scarlett after the award and dividend reinvestment acquisitions

Vesting date of restricted shares November 1, 2027 Vesting date for the 32,311 restricted shares granted

Grant price per share $0.00 per share Reported price for the restricted stock grant on September 20, 2026

Key Terms

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

3 terms

Restricted shares financial

"Restricted shares that will vest in full on November 1, 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 exempt"

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 insider transaction did Best Buy (BBY) disclose for Kathleen Scarlett?

Best Buy disclosed that Kathleen Scarlett, SEVP and CHRO, received a grant of 32,311 restricted shares of common stock on September 20, 2026 as a compensation-related award.

How many Best Buy (BBY) shares does Kathleen Scarlett hold after this Form 4?

After the reported award and dividend reinvestment acquisitions, Kathleen Scarlett directly holds 136,069 shares of Best Buy common stock, according to the Form 4 filing.

When do the newly granted BBY restricted shares vest for Kathleen Scarlett?

The filing states that the 32,311 restricted shares granted to Kathleen Scarlett will vest in full on November 1, 2027, subject to the terms of the award.

Was the Best Buy (BBY) Form 4 transaction a market purchase or sale?

No market purchase or sale was reported. The Form 4 shows a grant or award acquisition of 32,311 restricted shares at a reported price of $0.00 per share, consistent with a compensation grant rather than an open-market trade.

Does the Best Buy (BBY) Form 4 mention a Rule 10b5-1 trading plan?

The document-level indication shows no Rule 10b5-1 trading plan affirmation for this Form 4, and the footnotes do not state that the reported grant was made under such a plan.

What does the Form 4 say about dividend reinvestment for Kathleen Scarlett’s BBY shares?

A footnote explains that her reported post-transaction share total reflects periodic acquisitions under a dividend reinvestment plan that are exempt from reporting under Section 16b-3(c).

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

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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^*

Scarlett Kathleen

(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)
	SEVP, CHRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2026

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	09/20/2026		A		32,311(1)	A	$0.0000	136,069(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 in full on November 1, 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	09/21/2026
	** 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)