Best Buy director gets 2,611 restricted stock units
Best Buy Co., Inc. director Sima Sistani reported a stock award from the company.
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Form Type
4
Rhea-AI Filing Summary
Best Buy Co., Inc. director Sima Sistani reported a stock award from the company. She acquired 2,611 shares of common stock at a stated price of $0.00 per share, reflecting a grant or award rather than a market purchase.
According to the footnotes, the shares were issued pursuant to a grant of restricted stock units under Best Buy's Omnibus Incentive Plan and will vest in full one year from the grant date. Following this award, Sistani directly holds 11,918 shares of Best Buy common stock.
Insider Trade Summary
Grant/Award: 2,611 shares
Grant/Award
1 txn
Insider
Sistani Sima
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
Shares granted: 2,611 shares
Grant price per share: $0.00 per share
Shares held after transaction: 11,918 shares
+1 more
4 metrics
Shares granted
2,611 shares
Restricted stock unit grant of common stock
Grant price per share
$0.00 per share
Equity grant, not an open-market purchase
Shares held after transaction
11,918 shares
Director’s direct holdings following the award
Vesting period
One year
Restricted stock units vest 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
"Shares were acquired pursuant to a 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
"This number reflects a 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 Sima Sistani report on this Form 4?
Sima Sistani reported receiving 2,611 shares of Best Buy common stock as a grant. The award was issued at a stated price of $0.00 per share and is compensation-related, not an open-market stock purchase.
What type of equity award did Best Buy (BBY) grant to Sima Sistani?
The filing describes a grant of restricted stock units under Best Buy’s Omnibus Incentive Plan. These restricted stock units convert into shares of common stock and are typically used as part of long-term equity compensation.
When do Sima Sistani’s Best Buy (BBY) restricted stock units vest?
The restricted stock units granted to Sima Sistani vest in full one year from the grant date. Once vested, the units convert into shares of Best Buy common stock that she can hold or potentially sell.
Was Sima Sistani’s Best Buy (BBY) transaction a stock purchase or a compensation grant?
The transaction was a compensation grant, not a market purchase. The Form 4 labels it as a grant or award acquisition at a price of $0.00 per share, consistent with equity compensation rather than buying shares in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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