Form 4: Best Buy CEO Corie Barry Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Best Buy CEO Corie Barry S. sold 28,042 shares of common stock on March 22, 2024, to cover tax withholding obligations related to vesting restricted shares.
Summary
- On March 22, 2024, Corie S. Barry, CEO of Best Buy Co. Inc., sold 28,042 shares of common stock at a price of $81.795 per share.
- The sale was executed to cover tax withholding obligations upon the vesting of restricted shares.
- Following the transaction, Barry directly owns 429,158.65 shares of Best Buy common stock.
- Additionally, Barry indirectly owns 3,074.4229 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the CEO's confidence in the company.
Industry Context
This is a routine transaction for executives who receive stock as part of their compensation. It is common for them to sell shares to cover the taxes associated with the vesting of those shares.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of the stock sale transaction. |
| 03/25/2024 | Date of signature by Attorney-in-fact. |
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