Form 4: Best Buy Executive Todd G. Hartman Exercises Options and Sells Shares
SEC Form 4
Todd G. Hartman, GC and Chief Risk Officer of Best Buy Co. Inc., exercised stock options and sold shares on March 1, 2024.
Summary
- On March 1, 2024, Todd G. Hartman, the GC and Chief Risk Officer of Best Buy Co. Inc., exercised stock options to acquire 6,000 shares of common stock at a price of $51.65 per share.
- Simultaneously, Hartman sold 6,000 shares of Best Buy common stock at a price of $78.23 per share.
- Following these transactions, Hartman directly owns 19,704.9498 shares of Best Buy common stock.
- Hartman also indirectly owns 265.1704 shares through a 401(k) and 10,900 shares as a trustee for a revocable trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader trend in the retail or consumer electronics industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the volume.
Key Dates
| Date | Description |
|---|---|
| 03/20/2020 | Date stock options became exercisable |
| 02/28/2024 | Date of plan statement for employee retirement savings account (401(k)) |
| 03/01/2024 | Date of stock option exercise and share sale |
| 03/05/2024 | Date of Form 4 filing |
| 03/19/2030 | Expiration date of stock options |
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