Hartman Todd G. 4

What Happened

• Todd Hartman, General Counsel and Chief Risk Officer at Best Buy (BBY), received a grant of 15,924 restricted shares on 2026-03-20 (no purchase price). On 2026-03-23 he disposed of 5,339 shares in an open-market sale at $64.02 each, generating proceeds of about $341,797.
• The award is a restricted stock grant (not an open-market purchase). The subsequent sale was to cover tax withholding associated with vesting, per the filing, so it was not a discretionary sale.

Key Details

• Grant: 15,924 restricted shares granted on 2026-03-20 (reported as A; price $0.00). These vest in three equal annual installments beginning one year from the grant date (footnote F1).
• Sale: 5,339 shares sold in the open market on 2026-03-23 at $64.02 each, totaling ~$341,797 (reported as S). Footnote F3 states the shares sold were to cover tax withholding on vested restricted shares and were not a discretionary transaction.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date and timeliness: Form 4 filed 2026-03-24. The filing was made within the standard reporting window and is not indicated as late.

Context

• The 15,924-share award is restricted stock that vests over time (so it’s not immediately liquid). The sale of 5,339 shares was to cover withholding taxes on vesting, a common administrative step and not necessarily a market signal.
• Transaction codes: A = award/grant, S = sale. F3 in this filing indicates the sold shares were used for tax withholding (not a discretionary sale).