Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 66

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 66
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 and maximum payout level for these shares. Under the terms of the awards, dividend equivalent shares accrue assuming a target payout and are adjusted and issued at the end of the performance period based on actual performance but are shown in the table assuming a maximum payout. |

| Name         |     | Grant     
 Date      |     | Outstanding Performance 
          Share Awards – 
 Assuming Maximum Payout |     |        Accrued Dividend 
     Equivalent Shares – 
 Assuming Maximum Payout |
| Ms. Barry    |     | 3/20/2024 |     |                 111,279 |     |                   4,920 |
| Mr. Bilunas  |     | 3/20/2024 |     |                  29,823 |     |                   1,322 |
| Mr. Bonfig   |     | 3/20/2024 |     |                  17,805 |     |                     527 |
| Mr. Harmon   |     | 3/20/2024 |     |                  15,579 |     |                     692 |
| Ms. Scarlett |     | 3/20/2024 |     |                  22,257 |     |                     987 |

| (5) | The amount reflects an outstanding fiscal 2024 performance share award assuming a target payout (100% of the target grant) plus accrued dividend equivalents (as indicated in the table below) as of fiscal year-end. The number of shares ultimately earned will be based on the performance of our stock’s total shareholder return, relative to the S&P 500 Index, over the 36-month performance period commencing on January 29, 2023, and ending on January 31, 2026, as determined by the price appreciation of the average closing price of one share of common stock measured during the first fiscal quarter of the performance period and during the first fiscal quarter following completion of the performance period. As of the end of fiscal 2025, performance was between the threshold and target payout level for these shares. Under the terms of the awards, dividend equivalent shares accrue assuming a target payout and are adjusted and issued at the end of the performance period based on actual performance and are shown in the table assuming a target payout. |

| Name         |     | Grant     
 Date      |     | Outstanding Performance 
          Share Awards – 
  Assuming Target Payout |     |       Accrued Dividend 
    Equivalent Shares – 
 Assuming Target Payout |
| Ms