Best Buy's Chairman Emeritus Sells 300,000 Shares for $27.8 Million as the Stock Soars
The specialty retailer reported a notable insider stock disposition through indirect entities, including a family foundation.
Overview
Richard M. Schulze, Chairman Emeritus of Best Buy Co., Inc. (NYSE:BBY), reported the sale of 300,000 shares of common stock and another 300,000 shares gifted in an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($92.51); post-transaction value based on September 16, 2026 market close ($92.45).
Details
Best Buy Co., Inc. operates as a prominent specialty retailer with a market cap of $19.7 billion. The company maintains a competitive advantage through its extensive product selection, established retail footprint, and omnichannel distribution capabilities across North America.
Source
Originally published at www.fool.com.