Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 63

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 63
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,419 |     |                         14,838 |     |  22,257 |     |      — |     | 1,250,101 |     |            |
| 3/20/2024(4) |     | 3/5/2024 |     | —        |     | —                                   |     |          — |     |          — |     |                              — |     |       — |     | 15,906 |     | 1,250,053 |     |            |

| (1) | These amounts reflect the potential target and maximum payout for each NEO under our fiscal 2025 STI, which is described in greater detail under the sectionCompensation Discussion and Analysis — Executive Compensation Elements — Short-Term Incentive. A threshold payout is not indicated as there was no specified minimum payment under our fiscal 2025 STI. The actual payout to each NEO for fiscal 2025 is provided in the following sections:Compensation Discussion and Analysis — Executive Compensation Elements — Short-Term Incentiveand theSummary Compensation Table. |

| (2) | These amounts reflect the aggregate grant date fair value, measured in accordance with ASC Topic 718. As permitted by ASC Topic 718, we account for any forfeitures as they occur rather than estimating future service-based forfeitures, and, accordingly, the grant date fair values reported do not assume any estimated forfeitures. The other assumptions used in calculating these amounts are set forth in Note 1, Summary of Significant Accounting Policies, and Note 8, Shareholders’ Equity, of the Notes to Consolidated Financial Statement included in Item 8, Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the fiscal year ended February 1, 2025. The value reflected for any performance-conditioned award is the value at the grant date based upon the probable outcome of the award — see footnote (3) to theSummary Compensation Table. |

| (3) | The amounts reflect performance share awards, as discussed under the sectionCompensation Discussion and Analysis — Executive Compensation Elements — Long-Term Incentive, that, if earned, will vest at or between the threshold (50% of target) and maximum (150% of target) levels depending 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 February 4, 2024, and ending on January 30, 202