Form 4: Best Buy CEO Corie Barry Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Best Buy CEO Corie Barry S. sold 366 shares of common stock on April 17, 2024, to cover tax withholding obligations upon the vesting of restricted shares.
Summary
- On April 17, 2024, Corie S. Barry, CEO of Best Buy Co. Inc., sold 366 shares of the company's common stock.
- The sale was executed at a price of $75.761 per share.
- The transaction was conducted to cover tax withholding obligations related to the vesting of restricted shares.
- Following the transaction, Barry directly owns 431,230.65 shares of Best Buy common stock.
- Barry also indirectly owns 3,122.0243 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment of interests.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder perception, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of the stock sale transaction. |
| 04/19/2024 | Date of signature by Attorney-in-Fact. |
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