Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 109

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 109
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 Buy Co., Inc. 2020 Omnibus Incentive Plan (the “Plan”) is made as of the 18th day of April, 2025, by Best Buy Co., Inc., a Minnesota corporation (the “Company”), to be effective as set forth herein. WHEREAS, the Company previously established the Plan; WHEREAS, the Company desires to amend the Plan to increase the aggregate number of Shares and the aggregate number of incentive stock options available for issuance thereunder; and WHEREAS, unless otherwise noted, any capitalized term used herein shall have the meaning ascribed to it in the Plan. NOW, THEREFORE, the Plan is hereby amended as follows:

| 1. | INCREASE IN AGGREGATE SHARES AVAILABLE FOR ISSUANCE. Section 4(a)(i) of the Plan is hereby amended to read in full as follows: |

| (i) | Subject to adjustment as provided in Section 4(c) of the Plan, the aggregate number of Shares that may be issued under all Awards under the Plan shall equal the sum of (x) 30,630,000 (which represents the 18,600,000 Shares originally authorized in connection with the adoption of the Plan, plus an additional 12,030,000 Shares authorized in connection with the adoption of Amendment No. 1 to the Plan), (y) 3,100,000 shares available for grant under the Best Buy Co., Inc. Amended & Restated 2014 Omnibus Stock and Incentive Plan that were rolled over to this Plan as of the Effective Date and (z)any Shares subject to any outstanding award under the Prior Plans that, after the Effective Date, are not purchased or are forfeited or reacquired by the Company, or otherwise not delivered to the Participant due to termination or cancellation of such award, subject to the share counting provisions of Section4(b) below. |

| 2. | CORRESPONDING INCREASE IN AGGREGATE INCENTIVE STOCK OPTION LIMIT. Section 6(a)(iv)(A) of the Plan is hereby amended to read in full as follows: |

| (A) | The aggregate number of Shares that may be issued under all Incentive Stock Options under the Plan shall be 33,730,000. |

| 3. | This Amendment is subject to approval by the shareholders of the Company at a meeting duly called for such purposes. The 12,030,000 additional Shares shall not be available for Awards under