Best Buy (NYSE: BBY) CEO awarded shares and sells stock to cover taxes

Rhea-AI Filing Summary

Best Buy CEO and director Corie S. Barry received a grant of 111,465 restricted common shares on March 20, 2026. These restricted shares will vest in three equal annual installments beginning one year from the grant date.

On March 23, 2026, 42,869 common shares were sold at $64.019 per share to cover tax withholding obligations upon the vesting of restricted shares, and this did not represent a discretionary transaction by Barry. After these events, she holds 523,137.65 common shares directly and 3,638.8787 shares indirectly through a 401(k) plan based on a plan statement as of March 23, 2026.

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
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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^*

Barry Corie S

(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
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		A		111,465(1)	A	$0.0000	566,006.65(2)	D
Common Stock	03/23/2026		S		42,869(3)	D	$64.019	523,137.65	D
Common Stock								3,638.8787(4)	I	401(k)

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 three equal annual installments beginning 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).

3. Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.

4. This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of March 23, 2026.

	/s/ Jodie H. Crist, Attorney-in-fact	03/24/2026
	** 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)

FAQ

What insider transactions did Best Buy (BBY) CEO Corie Barry report?

Corie Barry reported receiving 111,465 restricted Best Buy common shares and a related sale of 42,869 shares. The sale occurred at $64.019 per share solely to cover tax withholding when restricted shares vested, rather than as a discretionary open-market trade.

How many Best Buy (BBY) shares was the CEO granted in this Form 4?

The CEO received a grant of 111,465 restricted common shares of Best Buy. According to the disclosure, these restricted shares will vest in three equal annual installments, starting one year from the March 20, 2026 grant date, making this a multi-year equity compensation award.

Why did the Best Buy (BBY) CEO sell 42,869 shares?

The 42,869 Best Buy shares were sold at $64.019 each to cover tax withholding obligations upon vesting of restricted shares. The filing states this sale did not represent a discretionary transaction by Corie Barry, distinguishing it from a typical open-market sale for investment reasons.

What are Corie Barry’s Best Buy (BBY) share holdings after these transactions?

Following the reported grant and tax-related sale, Corie Barry holds 523,137.65 Best Buy common shares directly. She also has an indirect holding of 3,638.8787 shares in a 401(k) retirement savings account, based on a plan statement dated March 23, 2026.

How do the CEO’s restricted Best Buy (BBY) shares vest over time?

The restricted shares granted to the CEO vest in three equal annual installments. Vesting begins one year after the March 20, 2026 grant date, meaning one-third of the 111,465 shares vests each year over a three-year period, subject to the award’s terms.

What does the Form 4 say about Best Buy (BBY) shares in the CEO’s 401(k)?

The filing shows an indirect holding of 3,638.8787 Best Buy shares in a 401(k) plan. This figure reflects a periodic adjustment of shares in the employee retirement savings account, based on a plan statement as of March 23, 2026, and is exempt from certain reporting rules.