Matthew M. Bilunas - Mar 9, 2022 Form 4 Insider Report for BEST BUY CO INC (BBY)

Role: Chief Financial Officer
Signature: /s/ Hannah G. Olson, Attorney-in-fact
Stock symbol: BBY
Transactions as of: Mar 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/11/2022, 03:38 PM
Previous filing: Aug 25, 2021
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBY	Common Stock	Award	$0	+8.63K	+22.04%	$0.00	47.8K	Mar 9, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted shares earned pursuant to an award approved by the Issuer on March 20, 2021, which was subject to achievement of positive adjusted net earnings as of the end of any fiscal year during the term of the award (the 'Performance Condition'). Satisfaction of the Performance Condition was approved by the Compensation and Human Resources Committee of the Board of Directors on March 9, 2022. The restricted shares will vest in three equal annual installments beginning March 20, 2022.
F2	This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).

Content

Represents restricted shares earned pursuant to an award approved by the Issuer on March 20, 2021, which was subject to achievement of positive adjusted net earnings as of the end of any fiscal year during the term of the award (the 'Performance Condition'). Satisfaction of the Performance Condition was approved by the Compensation and Human Resources Committee of the Board of Directors on March 9, 2022. The restricted shares will vest in three equal annual installments beginning March 20, 2022.

This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).