Kimbell David C 4

What Happened

• David C. Kimbell, a director of Best Buy Co., Inc. (BBY), was granted 2,611 restricted stock units (reported as an acquisition) on June 12, 2026. The award is recorded at $0.00 per share on the Form 4 (this is a compensation grant, not a market purchase), so there was no cash exchanged in this transaction.

Key Details

• Transaction date: 2026-06-12; reported on Form 4 filed 2026-06-16 (timely filing).
• Transaction type/code: A — Award/Grant of restricted stock units (RSUs).
• Shares granted: 2,611 RSUs; reported price: $0.00 (award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: The 2,611 RSUs were granted under the issuer’s Omnibus Incentive Plan and vest in full one year from the grant date.
  • F2: The filing also notes that periodic share acquisitions under a dividend reinvestment plan are exempt from Section 16 reporting (this refers to dividend reinvestment activity, not the RSU grant).

Context

• RSU grants are compensation, not open-market purchases or sales. They typically convert to shares only after vesting (here, one year), so this grant does not indicate an immediate buy or sell by the insider. Such awards are common for executive/director compensation and should be interpreted as part of pay rather than a direct market signal.