Best Buy legal chief gifts 600 company shares
Best Buy Chief Legal and Risk Officer Todd G. Hartman reported a Form 4 showing a bona fide gift of 600 shares of Best Buy common stock.
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Form Type
4
Rhea-AI Filing Summary
Best Buy Chief Legal and Risk Officer Todd G. Hartman reported a Form 4 showing a bona fide gift of 600 shares of Best Buy common stock. After the gift, he directly holds 43,915.9498 shares, plus indirect holdings of 10,900 shares as trustee of a revocable trust and 291.7951 shares in a 401(k).
Insider Trade Summary
600 shares gifted
Gift
3 txns
Insider
Hartman Todd G.
Role
Chief Legal and Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 600 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 43,915.9498 shares (Direct);
Common Stock — 291.7951 shares (Indirect, 401(k));
Common Stock — 10,900 shares (Indirect, Trustee for Revocable Trust)
Footnotes (1)
- F1. This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
Key Figures
Shares gifted: 600 shares
Direct holdings after gift: 43,915.9498 shares
Revocable trust holdings: 10,900 shares
+2 more
5 metrics
Shares gifted
600 shares
Bona fide gift of common stock, code G
Direct holdings after gift
43,915.9498 shares
Common stock directly owned following transaction
Revocable trust holdings
10,900 shares
Indirect ownership as trustee for revocable trust
401(k) holdings
291.7951 shares
Indirect ownership through 401(k) plan
Gift price per share
$0.0000 per share
Price reported for bona fide gift transaction
Key Terms
bona fide gift, dividend reinvestment plan, Section 16b-3(c), revocable trust, +1 more
5 terms
bona fide gift financial
"transaction code G is described as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
dividend reinvestment plan financial
"number reflects a periodic acquisition of shares under a dividend reinvestment plan"
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
"plan exempt from reporting under Section 16b-3(c)"
revocable trust financial
"indirect ownership listed as Trustee for Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
401(k) financial
"indirect ownership listed as 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Best Buy (BBY) report for Todd G. Hartman?
Best Buy reported that Chief Legal and Risk Officer Todd G. Hartman made a bona fide gift of 600 shares of Best Buy common stock. This is a non-market transfer with no sale proceeds reported in the Form 4.
What indirect Best Buy (BBY) holdings does Todd G. Hartman report?
Todd G. Hartman reports 10,900 Best Buy shares held indirectly as trustee for a revocable trust and 291.7951 shares held indirectly through a 401(k) plan, in addition to his directly owned shares.
What does the footnote about a dividend reinvestment plan mean for Best Buy (BBY)?
The footnote explains that some shares reflect periodic acquisitions under a dividend reinvestment plan exempt from Section 16(b) reporting. These automatic reinvestments are routine and not treated as discretionary open-market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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