Best Buy (NYSE: BBY) exec granted stock, sells shares for taxes

Rhea-AI Filing Summary

Best Buy senior executive Kathleen Scarlett reported routine equity compensation and related tax transactions. She received a grant of 21,895 shares of common stock at no cost, described as restricted shares that vest in three equal annual installments beginning one year from the grant date.

Upon vesting of restricted shares, she sold 8,049 shares on March 23, 2026 at an average price of $64.019 per share to cover tax withholding obligations, and the filing notes this did not represent a discretionary transaction. After these moves, she directly held 102,669 shares of Best Buy common stock.

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

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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^*

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, Corp Affairs & HR

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		21,895(1)	A	$0.0000	110,718(2)	D
Common Stock	03/23/2026		S		8,049(3)	D	$64.019	102,669	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 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.

	/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) executive Kathleen Scarlett report?

Kathleen Scarlett reported a stock grant and a related tax sale. She received 21,895 restricted Best Buy shares, then sold 8,049 shares at $64.019 each to cover tax withholding when restricted shares vested, leaving 102,669 shares directly owned.

How many Best Buy (BBY) shares did Kathleen Scarlett sell and at what price?

She sold 8,049 Best Buy common shares at an average price of $64.019 per share. The filing explains this sale covered tax withholding obligations triggered by vesting restricted shares, rather than being a discretionary sale in the open market.

What stock award did Kathleen Scarlett receive from Best Buy (BBY)?

She received a grant of 21,895 restricted shares of Best Buy common stock. According to the disclosure, these restricted shares will vest in three equal annual installments starting one year after the grant date, providing time-based equity compensation.

Are Kathleen Scarlett’s recent Best Buy (BBY) share sales discretionary?

The filing states her 8,049-share sale was to cover tax withholding on vested restricted shares and does not represent a discretionary transaction. This characterizes the activity as a mechanical tax-related sale tied to compensation, not an elective portfolio decision.

How many Best Buy (BBY) shares does Kathleen Scarlett hold after these transactions?

After the reported grant and tax-related sale, she directly holds 102,669 Best Buy common shares. This figure reflects her updated ownership position following the vesting of restricted shares and the sale executed to satisfy associated tax obligations.

How do Kathleen Scarlett’s restricted Best Buy (BBY) shares vest?

Her restricted shares vest in three equal annual installments starting one year from the grant date. This schedule spreads the benefit over multiple years, aligning the equity compensation with longer-term service and performance at Best Buy.