Bilunas Matthew M 4
4 · BEST BUY CO INC · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Best Buy CFO Matthew Bilunas Sells Shares, Receives Award
What Happened
Matthew M. Bilunas, Senior EVP of Enterprise Strategy and CFO of Best Buy (BBY), reported two transactions: he was granted 29,857 restricted shares on 2026-03-20 (award) and on 2026-03-23 disposed of 11,356 shares in an open-market sale for roughly $727,000. The grant is a compensation award (not an open-market purchase), while the sale appears related to tax withholding rather than a discretionary trade.
Key Details
- Grant: 29,857 restricted shares granted on 2026-03-20 (reported acquisition price $0.00; acquisition value shown as $0).
- Sale: 11,356 shares sold on 2026-03-23 at $64.02 per share, proceeds reported ≈ $727,000.
- Filing: Form 4 filed 2026-03-24 covering transactions dated 2026-03-20 and 2026-03-23; filing appears timely.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: The 29,857 restricted shares vest in three equal annual installments beginning one year from the grant date.
- F2: Indicates a periodic acquisition under a dividend reinvestment plan that is exempt from certain reporting.
- F3: The 11,356-share sale represents shares sold to cover tax withholding upon vesting and is not a discretionary trade by the reporting person.
Context
Restricted-share grants are standard executive compensation and vest over time (here, three annual installments), which is generally a long-term retention signal rather than an immediate vote of confidence. The reported sale was to cover tax withholding related to equity compensation (per footnote F3), so it should not be read as an independent bearish signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-20+29,857→ 88,240 total - Sale
Common Stock
[F3]2026-03-23$64.02/sh−11,356$727,000→ 76,884 total
Footnotes (3)
- [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.