Form 4: Best Buy Executive Todd G. Hartman Sells Shares to Cover Tax Obligations
SEC Filing
Todd G. Hartman, GC and Chief Risk Officer of Best Buy, sold 4,893 shares of common stock on March 21, 2025, to cover tax withholding obligations.
Summary
- On March 21, 2025, Todd G. Hartman, the GC and Chief Risk Officer of Best Buy Co. Inc., sold 4,893 shares of common stock.
- The sale was executed at a price of $72.647 per share.
- This transaction was to cover tax withholding obligations upon the vesting of restricted shares.
- Following the transaction, Hartman directly owns 32,319.9498 shares of Best Buy common stock.
- Hartman also indirectly owns 276.6283 shares through a 401(k) and 10,900 shares as a trustee for a revocable trust.
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 executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. This particular filing indicates a sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of the stock sale transaction. |
| 03/26/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Best Buy, Hartman, Stock Sale, Tax Withholding, Officer, BBY
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