Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 92

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 92
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 adverse tax results thereunder to a holder of an award. Registration with the SEC If Amendment No. 1 is approved by shareholders, we intend to file, when administratively practicable, a registration statement on Form S-8 pursuant to the Securities Act of 1933, as amended, to register shares of common stock available for issuance thereunder.

| 90 |     | 2025 Proxy Statement |

TABLE OF CONTENTS ______________ Item of Business No. 4 — Approval of Amendment No. 1 to our 2020 Omnibus Incentive Plan

Plan Benefits Assuming Amendment No. 1 is approved by our shareholders, the Company anticipates making its annual non-employee director equity grants in accordance with normal practice on the date of the Meeting under Amendment No. 1. The Compensation Committee, in its sole discretion, determines the number and types of awards that will be granted under the 2020 Plan. Accordingly, other than such annual non-employee director grants, it is not possible to determine the future benefits that will be received by eligible participants if Amendment No. 1 is approved by our shareholders. The closing price of a share of our common stock as reported on the NYSE on January 31, 2025, was $85.86. The following table provides information about shares of our common stock that may be issued under our equity compensation plans as of February 1, 2025: Equity Compensation Plan Information The following table provides information about shares of our common stock that may be issued under our equity compensation plans as of February 1, 2025:

| Plan Category                                              |     | Securities to Be        
 Issued Upon Exercise of 
 Outstanding Options and 
 Rights(1)               |     | Weighted Average Exercise 
        Price per Share of 
   Outstanding Options and 
                 Rights(2) |     | Securities Available for 
    Future Issuance Under 
      Equity Compensation 
                 Plans(3) |
| Equity compensation plans approved by security holders     |     | ​4,540,402              |     |                    $59.69 |     |               12,655,838 |
| Equity compensation plans not approved by security holders |     | —                       |     |                         — |     |                        — |
| Total                                                      |     | ​4,540,402              |     |                     59.69 |     |               12,655,838 |

| (1) | Includes grants of stock options, restricted stock units and restricted stock awards (which