Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 78

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 78
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 Inc. 2020 Omnibus Incentive Plan. |

| (2) | Includes weighted-average exercise price of outstanding stock options only. |

| (3) | Excludes securities to be issued upon exercise of outstanding options and rights. Includes 3,120,409 shares of our common stock that have been reserved for issuance under our 2008 Employee Stock Purchase Plan. |

CEO Pay Ratio Pursuant to SEC rules, we are providing the following information about the ratio of the annual total compensation of our median employee to the annual total compensation of Ms. Barry, our CEO. Due to the flexibility afforded by the rules of the SEC in calculating the pay ratio amount, the ratio we calculated may not be comparable to the CEO pay ratio presented by other companies. In fiscal 2025, our last completed fiscal year, Ms. Barry’s annual total compensation was $16,150,300 as reflected in the Compensation of Executive Officers — Summary Compensation Tablesection of this proxy statement. Our median employee’s annual total compensation for fiscal 2025 was $31,141. As a result, we estimate that Ms. Barry’s annual total compensation was approximately 518 times that of our median employee. In determining the median employee:

| • | We prepared a list of all Best Buy employees as of February 1, 2025. As of February 1, 2025, we had approximately 84,880 employees, including 75,170 U.S. employees, and 9,710 non-U.S. employees. In identifying our median employee, we included our approximately 9,440 Canadian employees, but, in accordance with SEC rules, we excluded our employees in: China (135 employees), United Kingdom (130 employees), Greece (1 employee), and Spain (1 employee), representing approximately 0.3% in the aggregate of our worldwide workforce. After excluding employees in these countries, as of February 1, 2025, we had approximately 84,615 employees. |

| • | As permitted under SEC rules, we used compensation that would equate to W-2 wages for the prior twelve months as our consistently applied compensation measure, which we believe provides a reasonable estimate of annual compensation for our employees. We annualized W-2 wages for employees, other than occasional/seasonal employees, who were not employed for the full twelve months. The median amount was then identified from the annualized list. |

| 2025 Proxy Statement |     | 79 |

TABLE OF CONTENTS Executive and Director Compensation