Scarlett Kathleen 4

What Happened

• Scarlett Kathleen, Senior EVP, Corporate Affairs & HR at Best Buy (BBY), received a grant of 21,895 restricted shares on 2026-03-20 (value shown as $0 on grant). She also disposed of 8,049 shares in an open-market sale on 2026-03-23 at $64.02 per share, totaling approximately $515,289. The grant is an award (A); the sale is reported as a sale (S).

Key Details

• Transaction dates and prices:
  • 2026-03-20: Award of 21,895 restricted shares (reported acquisition at $0.00).
  • 2026-03-23: Sale of 8,049 shares at $64.02 each; proceeds ≈ $515,289.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Restricted shares will vest in three equal annual installments beginning one year from the grant date.
  • F3: The 8,049-share sale represents shares sold to cover tax withholding upon vesting of restricted shares and is not a discretionary sale by the reporting person.
• Filing: Form 4 filed 2026-03-24 covering the 3/20 grant and 3/23 sale; filing appears within the normal reporting window.

Context

• The grant is restricted stock with multi-year vesting (not an immediate market purchase), so its primary purpose is compensation and retention. The sale was for tax withholding related to restricted-share vesting (per footnote) and is not presented as a signal of trading intent. Purchases generally carry more informational weight for investors; this filing mainly documents compensation and routine withholding-related sale.