BEST BUY CO INC director David C. Kimbell received an equity award of 2,611 shares of common stock as a grant of restricted stock units under the company’s Omnibus Incentive Plan. The award will vest in full one year from the grant date. Following this grant, he directly holds 10,894 shares of Best Buy common stock. A footnote notes that some shares reflect periodic acquisitions under a dividend reinvestment plan exempt from Section 16b-3(c).
Best Buy Co., Inc. director David W. Kenny reported an equity award of 4,330 shares of common stock. The shares were acquired pursuant to a grant of restricted stock units under Best Buy's Omnibus Incentive Plan and carry a stated price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase.
The award vests in full one year from the grant date, so Kenny will receive the shares if the vesting conditions are met. Following this grant, his directly held common stock position reported in this filing increased to 56,520 shares. A separate footnote notes that his reported share count also reflects periodic acquisitions under a dividend reinvestment plan that is exempt from standard Section 16(b) reporting.
Best Buy Co., Inc. director Meghan Frank reported acquiring 2,611 shares of common stock as a grant of restricted stock units under the company’s Omnibus Incentive Plan. The award vests in full one year from the grant date, bringing her direct holdings to 4,678 shares.
Best Buy Co., Inc. director Ashok Jitendra Dylan Jadeja reported receiving an award of 2,611 shares of common stock as a grant of restricted stock units under the company’s Omnibus Incentive Plan. The award was granted at no cash cost per share and will vest in full one year from the grant date.
Following this grant and periodic acquisitions under a dividend reinvestment plan, Jadeja now holds a total of 3,914 shares of Best Buy common stock directly. This filing reflects routine equity-based director compensation rather than an open-market share purchase or sale.
Best Buy Co., Inc. director Lisa Caputo received an equity award of 2,611 shares of common stock. The shares were acquired at no cash cost to her as 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, she directly owns 65,067 Best Buy shares. A footnote also notes periodic share acquisitions through a dividend reinvestment plan.
Richard M. Schulze reported a proposed sale of Common Stock. The filing shows 500,350 shares associated with a 05/29/2026 transaction and a proceeds figure of $38,085,341.09. The filing references Piper Sandler & Co. and is recorded on 06/15/2026.
Best Buy Co., Inc. reported higher first-quarter results for fiscal 2027. Revenue rose to $8.94 billion, up 1.9%, with comparable sales up 2.0% driven by gaming, computing and mobile phones, partly offset by weaker major appliances.
Operating income increased to $370 million, or 4.1% of revenue, helped by a $9 million net restructuring credit versus $109 million of charges a year ago. Net earnings grew to $276 million, and diluted EPS rose to $1.31 from $0.95. Adjusted diluted EPS was $1.28 compared with $1.15.
Cash from operating activities improved sharply to $375 million from $34 million, aided by working-capital timing. The company ended the quarter with $1.75 billion of cash and cash equivalents, $1.17 billion of long-term debt, and 210.7 million shares outstanding, while paying a quarterly dividend of $0.96 per share and conducting no share repurchases.
Best Buy’s founder and major shareholder Richard M. Schulze filed Amendment No. 15 to his Schedule 13D, updating his ownership and recent trading activity. Based on 210,695,187 Best Buy shares outstanding as of April 13, 2026, the reporting group now beneficially owns 12,859,275 shares, or 6.1% of the company.
On May 29, 2026, Schulze sold Best Buy shares in multiple open-market transactions, including 191,572 shares at a weighted average price of $75.96 and 147,868 shares at $76.96 per share. The filing states these sales are part of his long-term asset diversification and liquidity strategy.
Effective May 29, 2026, Schulze adopted a pre-arranged May 2026 trading plan to continue selling shares for personal estate planning purposes until its expected expiration in June 2027. The amendment also details that Olympus Investments Limited Partnership B may be deemed to beneficially own 702,903 shares, or 0.3% of the outstanding shares.
Best Buy Co., Inc. insider activity shows Chairman Emeritus Richard M. Schulze, through related entities, selling and gifting shares of common stock. On May 29, 2026, entities for which he serves as trustee of a revocable trust sold a total of 500,350 shares of Best Buy common stock in multiple open-market transactions at weighted average prices around the mid‑$70s per share, with individual trades occurring in ranges disclosed between $74.34 and $78.05.
After these sales, the revocable trust reported holding 10,930,586–10,930,936 shares of Best Buy common stock, indicating Schulze maintains a very large indirect stake. On June 1, 2026, there were also bona fide gifts totaling 700 shares of common stock, split between the revocable trust and shares held by his spouse, both reported at a price of $0.00 per share as typical for gifts. Additional entries show updated indirect holdings through a spouse’s irrevocable trust, a spousal GRAT, an IRA, a 401(k) account, and a limited partnership.
Best Buy Co., Inc. senior vice president, controller and chief accounting officer Mathew Watson reported an open-market sale of 1,784 shares of common stock on May 29, 2026 at $73.80 per share. After this transaction, he directly holds 21,630 shares of Best Buy common stock.
A footnote explains that some shares are periodically acquired through a dividend reinvestment plan that is exempt from separate Section 16(b)-3(c) reporting.