Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 70

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 70
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Amounts deferred under and contributed to the Deferred Compensation Plan are credited or charged with the performance of investment options selected by the participants. The investment options are notional and do not represent actual investments, but rather serve as a measurement of performance. During fiscal 2025, none of the NEOs carried a balance in or made any contributions to the Deferred Compensation Plan. The options available under the Deferred Compensation Plan and their annual rates of return as of December 31, 2024, were as follows:

| Investment                              |     | Rate of Return |
| Fidelity VIP Balanced Service           |     | 15.78%         |
| Vanguard VIF International              |     | 9.01%          |
| PIMCO VIT Total Return Admin            |     | 2.53%          |
| Vanguard VIF Small Company Growth       |     | 11.38%         |
| PIMCO VIT High Yield Admin              |     | 6.88%          |
| Vanguard VIF Equity Income              |     | 15.12%         |
| Vanguard VIF Equity Index               |     | 24.84%         |
| NVIT Government Money Market            |     | 4.94%          |
| Franklin VIP Small Cap Value Securities |     | 11.71%         |
| T. Rowe Price Blue Chip Growth          |     | 35.51%         |

Participants who elect to defer compensation under the Deferred Compensation Plan also select when the deferred amounts will be distributed to them. Distributions may be made in a specific year, or at a specified time that begins on or after the participant’s retirement. Distributions are paid in a lump sum or in quarterly installments, depending on the participant’s election at the time of deferral. However, if a participant’s employment ends prior to retirement, a distribution is made promptly in a lump sum or in quarterly installments, depending on their initial election and account balance. We do not provide employer-matching contributions for amounts deferred under the plan. Participants are fully vested in their contributions. Potential Payments Upon Termination or Change-of-Control Upon termination of employment or in the event the Company experiences a change-of-control, our NEOs may be eligible to receive certain payments and their outstanding equity awards may be impacted. Following is a summary of the effects of various termination and change-of-control scenarios for each form of compensation, including a quantitative disclosure of the estimated payments and realizable value for each scenario assuming an effective date of January 31