Best Buy CEO sells shares to help cover costs of divorce

(Reuters) – Electronics retailer Best Buy Co Inc’s Chief Executive Hubert Joly raised about $10.4 million through a share sale to help cover costs for his recent divorce, a regulatory filing showed. Joly exercised an option to buy 350,467 shares at $18.02 per share on September 6, after the company’s Compensation and Human Resources Committee approved a waiver of the remaining year of the CEO’s two-year holding period for the stock award. Joly sold those shares at an average of $37.01 per share and an additional 100,686 shares at about $37.08. (http://r.reuters. …

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Best Buy CEO sells shares to help cover costs of divorce

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