Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 52

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 52
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 Fiscal 2025 
 Annual Base 
   Salary(1) |     | Target        
 Payout        
 Percentage(2) |     |   Target Payout 
          Value, 
        Based on 
 Annual Earnings |     | Fiscal 2025 
   STI Score |     | Fiscal 2025 
 STI Payment |
| Ms. Barry    |     |  $1,300,000 |     | 200%          |     |      $2,600,000 |     |      0.8334 |     |  $2,166,840 |
| Mr. Bilunas  |     |     929,167 |     | 150%          |     |       1,393,750 |     |      0.8334 |     |   1,161,551 |
| Mr. Bonfig   |     |     791,667 |     | 100%/125%     |     |         958,333 |     |      0.8334 |     |     798,675 |
| Mr. Harmon   |     |     791,667 |     | 100%/125%     |     |         958,333 |     |      0.8334 |     |     798,675 |
| Ms. Scarlett |     |     925,000 |     | 150%          |     |       1,387,500 |     |      0.8334 |     |   1,156,342 |

| (1) | Annual base salary is based on the NEO’s annual base salary rate on the 15th fiscal day of each month for twelve months of the fiscal year. This number may differ slightly from actual earnings listed in theSummary Compensation Table. |

| (2) | The Target Payout Percentage for Messrs. Bonfig and Harmon were increased from 100% to 125% two months into the fiscal year. Their final STI Payment amounts were pro-rated accordingly, resulting in a target payout percentage of 121%. |

| 60 |     | 2025 Proxy Statement |

TABLE OF CONTENTS ____________________________ Executive and Director Compensation

Long-Term Incentive Awards of equity-based LTI compensation to our executive officers enhance the alignment of interests of our NEOs and shareholders. All LTI awards for our NEOs and directors must be approved by the Compensation Committee. In March 2024, the Compensation Committee approved LTI awards to our