Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 73

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 73
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 termination without Cause or qualified retirement |     | -A pro rata portion (determined by number of days employed through termination divided by total number of days in performance period) of those shares deemed earned as of the date of the change-of-control.                                                                                                    |

| 2025 Proxy Statement |     | 75 |

TABLE OF CONTENTS Executive and Director Compensation ____________________________

The table below provides, for each NEO, as of the end of fiscal 2025, the value of their outstanding performance share awards (as detailed in the Outstanding Equity Awards at Fiscal Year-Endsection), under the situations discussed above. All values below were calculated using the closing price of our common stock as quoted on the NYSE on January 31, 2025, the last business day in fiscal 2025, and assume the same vesting percentages as reflected in the Outstanding Equity Awards at Fiscal Year-Endsection.

| Name         |     |    Death or 
  Disability |     | Involuntary Termination 
           without Cause |     |  Qualified 
 Retirement |     | Change-of-Control(1) |
| Ms. Barry    |     | $12,043,699 |     |             $12,043,699 |     |         $— |     |          $41,342,792 |
| Mr. Bilunas  |     |   3,035,732 |     |               3,035,732 |     |          — |     |           10,714,899 |
| Mr. Bonfig   |     |   1,495,017 |     |               1,495,017 |     |          — |     |            5,629,153 |
| Mr. Harmon   |     |   1,655,272 |     |               1,655,272 |     |          — |     |            5,712,695 |
| Ms. Scarlett |     |   2,363,799 |     |               2,363,799 |     |  2,363,799 |     |            8,285,662 |

| (1) | Reflects value realizable upon a change-of-control event but assumes that the NEO will stay with the Company through the end of the performance period of each outstanding performance share award. |

Restrictive Covenants As further described in the Compensation Discussion and Analysis — Executive Compensation Elements — Clawback and Restrictive Covenant Provisionssection, our executive officer separation agreements