Best Buy (BBY) Director Frank Meghan Receives Award of 2,611 RSUs

What Happened
Frank Meghan, a director of Best Buy Co., was granted 2,611 restricted stock units (reported as an acquisition of 2,611 shares at $0.00) on 2026-06-12. The filing shows a $0 cash price because this was a compensation award (RSUs), not an open-market purchase. The RSUs vest in full one year from the grant date under the company’s Omnibus Incentive Plan.

Key Details

• Transaction date and price: 2026-06-12, 2,611 shares acquired at $0.00 per share (award/grant).
• Filing date: 2026-06-16 (4 days after the transaction); Form 4 is typically due within two business days, so this filing appears later than the usual reporting window.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — the shares were granted as RSUs under the Issuer’s Omnibus Incentive Plan and vest in full one year from the grant date. F2 — the filing also notes periodic dividend reinvestment plan acquisitions that are exempt from reporting under Section 16b-3(c) (separate from this RSU grant).

Context
RSUs are a form of compensation that convert to actual shares if and when they vest; they do not involve immediate cash proceeds and are not the same as an open-market buy or sell. Grants like this are common as director/executive compensation and do not, by themselves, indicate the insider is buying or selling stock for investment reasons.