Best Buy director granted 2,611 restricted shares
Best Buy director Melinda D. Whittington received a grant of 2,611 shares of Best Buy common stock as a compensation award.
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Form Type
4
Rhea-AI Filing Summary
Best Buy director Melinda D. Whittington received a grant of 2,611 shares of Best Buy common stock as a compensation award. The shares were issued as restricted stock units under the company’s Omnibus Incentive Plan and will vest in full one year from the grant date.
After this award, Whittington directly holds 11,918 shares of Best Buy common stock. This is a non-market, compensation-related acquisition rather than an open-market purchase.
Insider Trade Summary
Grant/Award: 2,611 shares
Grant/Award
1 txn
Insider
Whittington Melinda D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,611 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 11,918 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
Restricted stock grant: 2,611 shares
Grant price: $0.0000 per share
Post-transaction holdings: 11,918 shares
+1 more
4 metrics
Restricted stock grant
2,611 shares
Common Stock RSU award to director Melinda D. Whittington
Grant price
$0.0000 per share
Equity compensation, not an open-market purchase
Post-transaction holdings
11,918 shares
Total Best Buy common shares directly held 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 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
"periodic acquisition of shares under a 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 Melinda Whittington report on this Form 4?
Melinda D. Whittington reported receiving 2,611 shares of Best Buy common stock as a grant of restricted stock units. The award was issued under Best Buy’s Omnibus Incentive Plan and represents equity-based compensation rather than an open-market stock purchase.
Was Melinda Whittington’s Best Buy (BBY) transaction a market purchase or a grant?
The transaction was a grant of 2,611 restricted stock units, not a market purchase. The shares were acquired at a price of $0.0000 per share under Best Buy’s Omnibus Incentive Plan, reflecting equity compensation rather than cash paid in the open market.
When do Melinda Whittington’s new Best Buy (BBY) restricted stock units vest?
The award of 2,611 restricted stock units vests in full one year from the grant date. Until vesting, the shares are subject to the plan’s restrictions, after which they are scheduled to become fully owned by Melinda Whittington if vesting conditions are satisfied.
What does the dividend reinvestment footnote mean in Melinda Whittington’s Best Buy (BBY) Form 4?
One footnote explains that a reflected share number includes periodic acquisitions under a dividend reinvestment plan. These acquisitions are exempt from reporting under Section 16b-3(c), indicating some incremental shares arose automatically from reinvested dividends rather than discretionary market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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