Form 4: Best Buy Executive Todd G. Hartman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd G. Hartman, GC and Chief Risk Officer of Best Buy, reports a disposition of 500 shares of common stock and adjustments in holdings through dividend reinvestment and employee retirement savings.
Summary
- On July 18, 2024, Todd G. Hartman, the GC and Chief Risk Officer of Best Buy Co. Inc., reported changes in beneficial ownership of the company's common stock.
- Hartman disposed of 500 shares of common stock.
- Following the reported transaction, Hartman directly owns 25,903.9498 shares of common stock.
- Hartman also indirectly owns 271.0097 shares through a dividend reinvestment plan and 10,900 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions reported don't necessarily indicate a positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of plan statement for employee retirement savings account (401(k)). |
| 07/18/2024 | Date of transaction: Disposition of 500 shares of common stock. |
| 07/22/2024 | Date of signature by Attorney-in-fact. |
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