Barry Corie S 4
4 · BEST BUY CO INC · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Best Buy CEO Barry Corie Sells 42,869 Shares
What Happened Barry Corie S, CEO and director of Best Buy (BBY), was granted 111,465 restricted shares on 2026-03-20 (reported at $0.00 acquisition value) and sold 42,869 shares in an open-market transaction on 2026-03-23 at $64.02 per share, totaling about $2,744,431. The sale is reported as covering tax-withholding obligations (not a discretionary trade), while the grant is a restricted stock award with a vesting schedule.
Key Details
- Transaction dates & amounts:
- 2026-03-20: Award of 111,465 restricted shares @ $0.00 (F1).
- 2026-03-23: Open-market sale of 42,869 shares @ $64.02 — proceeds ≈ $2,744,431 (F3).
- Shares owned after the transactions: not specified in the filing summary provided.
- Notable footnotes:
- F1: Restricted shares vest in three equal annual installments beginning one year from the grant date.
- F3: The shares sold were to cover tax withholding upon vesting and do not represent a discretionary sale by the reporting person.
- F2/F4: Filing also notes routine dividend reinvestment and 401(k) adjustments exempt from reporting under Rule 16b-3(c).
- Timeliness: Filing date 2026-03-24 for transactions on 3/20 and 3/23 — submitted within the typical two-business-day window.
Context The sale appears to be a routine tax-withholding transaction tied to equity compensation rather than a discretionary sell signal. The grant is standard executive compensation (restricted stock) and will vest over time per the stated schedule; such awards are not an immediate vote on company prospects.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-20+111,465→ 566,006.65 total - Sale
Common Stock
[F3]2026-03-23$64.02/sh−42,869$2,744,431→ 523,137.65 total
- 3,638.879(indirect: By 401(k))
Common Stock
[F4]
Footnotes (4)
- [F1]Restricted shares that will vest in three equal annual installments beginning one year from the grant date.
- [F2]This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).
- [F3]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.
- [F4]This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of March 23, 2026.