Best Buy SEVP & CHRO Kathleen Scarlett Exercises Options and Sells $10.7M in Stock

Executive Summary

On September 23, 2026, Kathleen Scarlett, Senior Executive Vice President and Chief Human Resources Officer of Best Buy Co Inc (NYSE: BBY), executed a series of transactions involving the exercise of stock options and subsequent open-market sales. In total, Scarlett exercised 96,166 options at a strike price of $70.50 per share and disposed of 116,062 shares across two tranches at weighted-average prices of $92.41 and $92.07, generating gross proceeds of approximately $10.70 million.

Transaction Breakdown

• Option Exercise (Code M): Exercised 96,166 stock options expiring on March 25, 2029, at an exercise price of $70.50, totaling an acquisition cost of $6,779,703.
• Open-Market Sales (Code S):
  • 27,952 shares sold at a weighted-average price of $92.4105 (price range: $92.26 – $92.89).
  • 88,110 shares sold at a weighted-average price of $92.0702 (price range: $91.26 – $92.253).
• Net Equity Reduction: The executive sold 19,896 shares beyond the 96,166 shares acquired through option exercise, reducing direct shareholdings to 116,173 shares.

Market and Trading Context

Transactions combining stock option exercises with simultaneous equity sales are common executive compensation practices often used for liquidity, tax liabilities, or portfolio diversification. While the headline disposition value exceeds $10 million, the context of an option exercise mitigating net share dilution places the trading significance at Medium.