Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 81

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 81
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 not currently evaluate CAP as calculated pursuant to Item 402(v)(2) as part of its executive compensation determinations; accordingly, the Compensation Committee does not actually use any financial performance measure specifically to link executive CAP to Company performance. |

Description of Relationships between Financial Metrics and CAP In accordance with the requirements of Item 402(v)(5), the graphs below depict the relationships between PEO and non-PEO CAP and the financial metrics included in the table above.

| 2025 Proxy Statement |     | 81 |

TABLE OF CONTENTS Executive and Director Compensation ____________________________

| 82 |     | 2025 Proxy Statement |

TABLE OF CONTENTS ____________________________ Executive and Director Compensation

Tabular List of Most Important Performance Measures In accordance with the requirements of Item 402(v)(6), we have identified an unranked list of the most important financial performance measures, which represent the most important financial metrics used by the Company to link fiscal 2025 CAP, for our PEO and other NEOs, to Company performance. These metrics are described further under the Compensation Discussion and Analysis — Executive Compensation Elementssection, specifically under the subheadings “Short-Term Incentive” and “Long-Term Incentive.”

| Most Important Performance Measures |     |                                         |
| •                                   |     | Compensable Enterprise Operating Income |
| •                                   |     | Compensable Enterprise Revenue          |
| •                                   |     | Relative TSR                            |

As noted above in this section, the Compensation Committee has not historically and does not currently evaluate CAP as calculated pursuant to Item 402(v)(2) as part of its executive compensation determinations; accordingly, the Compensation Committee does not actually use any financial or non-financial performance measures specifically to link NEO CAP to Company performance. All information provided above under the “Pay Versus Performance” heading will not be deemed to be incorporated by reference in any filing of our Company under the Securities Act of 1933, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

| 2025 Proxy Statement |     | 83 |

TABLE OF CONTENTS

Item of Business No. 4 — Approval of Amendment No. 1 to our 2020 Omnibus Incentive Plan General Information We currently have in effect the Best Buy Co., Inc. 2020 Omnibus Incentive Plan (the “2020 Plan”), which was initially approved by our shareholders at our 2020 Regular Meeting of Shareholders.