Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 51

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 51
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 and maximum performance results in a 2.00x payout. In fiscal 2025, the Company met the minimum performance threshold for Compensable Enterprise Operating Income and Compensable Enterprise Revenue, and after review of the Company’s Shared Success progress the Compensation Committee approved an above-target score on that metric.

| Metric ($ in millions)                          |     | Minimum |     |                     Target |     | Maximum |     |  Actual 
  Result |     | Metric 
  Score |
| Compensable Enterprise Operating Income(1)(45%) |     |  $1,523 |     |                     $1,792 |     |  $2,060 |     |  $1,761 |     |   0.88 |
| Compensable Enterprise Revenue(2)(45%)          |     | ​40,532 |     |                    ​42,665 |     | ​44,798 |     | ​41,660 |     |   0.63 |
| Shared Success(3)(10%)                          |     |     N/A |     |                        N/A |     |     N/A |     |         |     |   1.50 |
|                                                 |     |         |     | Fiscal 2025 Blended Score: |     |         |     |         |     | 0.8334 |

| (1) | Compensable Enterprise Operating Income was determined based on adjusted operating income of $1,755 million as reported in our Annual Report on Form 10-K for the fiscal year ended February 1, 2025, adjusted for differences from targeted foreign exchange rates. For further information related to the calculation of adjusted operating income, please refer to Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations---Non-GAAP Financial Measures, of our Annual Report on Form 10-K for the fiscal year ended February 1, 2025. |

| (2) | Compensable Enterprise Revenue was determined based on revenue from continuing operations of $41,528 million as reported in our Annual Report on Form 10-K for the fiscal year ended February 1, 2025, adjusted for differences from targeted foreign exchange rates. |

| (3) | The Shared Success score was determined based on the Committee’s review of the Company’s progress towards its goals discussed above the table. |

The following chart shows fiscal 2025 STI opportunities and payments as a dollar value and percent of annual base salary:

| Name         |     |