Form 4: Best Buy Executive Todd G. Hartman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Todd G. Hartman, GC and Chief Risk Officer of Best Buy, sold shares to cover tax withholding obligations upon the vesting of restricted shares on April 17, 2024.
Summary
- On April 17, 2024, Todd G. Hartman, the GC and Chief Risk Officer of Best Buy Co. Inc., sold 54 shares of common stock at a price of $75.761 per share.
- The sale was to cover tax withholding obligations related to the vesting of restricted shares.
- Following the transaction, Hartman directly owns 26,186.9498 shares of Best Buy common stock.
- Hartman also indirectly owns 268.1506 shares through a 401(k) and 10,900 shares as a trustee for a revocable trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of a small number of shares by an executive is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of the stock sale transaction. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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