Mathew Watson - May 30, 2023 Form 4 Insider Report for BEST BUY CO INC (BBY)

Role: SVP, Finance-Controller & CAO
Signature: /s/ Jodie H. Crist, Attorney-in-fact
Stock symbol: BBY
Transactions as of: May 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/1/2023, 04:41 PM
Previous filing: Mar 22, 2023
Next filing: Jun 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBY	Common Stock	Award	$0	+1.15K	+5.13%	$0.00	23.6K	May 30, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents the vesting and share settlement of a performance share award approved by the Issuer on March 20, 2020. Performance for this award was measured based on the compound growth rate of Issuer's enterprise revenue over the 36-month period commencing on February 2, 2020, and ending on January 28, 2023. The performance results and number of shares earned based on the results were approved by the Compensation and Human Resources Committee of the Board of Directors on May 30, 2023.
F2	This number reflects a periodic acquisition of shares under a dividend reinvestment plan exempt from reporting under Section 16b-3(c).

Content

Represents the vesting and share settlement of a performance share award approved by the Issuer on March 20, 2020. Performance for this award was measured based on the compound growth rate of Issuer's enterprise revenue over the 36-month period commencing on February 2, 2020, and ending on January 28, 2023. The performance results and number of shares earned based on the results were approved by the Compensation and Human Resources Committee of the Board of Directors on May 30, 2023.

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