Designer Brands Inc. (NYSE: DBI) EVP awarded 930 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turner Mary reported acquisition or exercise transactions in this Form 4 filing.
Designer Brands Inc. executive Mary Turner, EVP and President of Designer Brands Canada, received a grant of 930 Dividend Equivalent Rights tied to previously awarded restricted stock units. Each right is the economic equivalent of one Class A common share and becomes exercisable proportionately with the related RSUs. Following this grant, Turner directly holds 6,487 Dividend Equivalent Rights.
Positive
- None.
Negative
- None.
Insights
Routine equity-compensation grant linked to existing RSUs.
EVP Mary Turner received 930 Dividend Equivalent Rights that track dividends on previously granted restricted stock units. Each right mirrors one Class A common share economically and vests in step with the underlying RSUs.
This is a non-cash, compensation-related 0 open-market activity event, so it does not signal discretionary buying or selling of Designer Brands Inc. stock. After the grant, Turner holds 6,487 such rights, indicating continued alignment of her pay with shareholder returns through dividend-linked incentives.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turner Mary
Role
EVP;Pres DesignerBrands Canada
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 930 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 6,487 shares (Direct)
Footnotes (1)
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Key Figures
Dividend Equivalent Rights granted: 930
Rights following transaction: 6,487
Underlying Class A common shares: 930
+1 more
4 metrics
Dividend Equivalent Rights granted
930
Grant of dividend equivalent rights on 2026-07-08
Rights following transaction
6,487
Total Dividend Equivalent Rights directly held after the award
Underlying Class A common shares
930
Each dividend equivalent right is the economic equivalent of one Class A common share
Transaction price per right
0.0000
Non-cash grant/award acquisition of derivative rights
Key Terms
Dividend Equivalent Rights, restricted stock units (RSUs), Class A common stock
3 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units (RSUs) financial
"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Class A common stock financial
"Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What transaction did Mary Turner report on Form 4 for DBI?
Mary Turner reported a grant of 930 Dividend Equivalent Rights linked to previously awarded restricted stock units. These rights track dividends and are economically equivalent to Class A common shares.
How many Dividend Equivalent Rights did Mary Turner receive from Designer Brands Inc. (DBI)?
Mary Turner received 930 Dividend Equivalent Rights. Each right is the economic equivalent of one share of Designer Brands Inc.’s Class A common stock and vests with the related RSUs.
What are the Dividend Equivalent Rights reported by DBI executive Mary Turner?
The reported Dividend Equivalent Rights are accruals on existing RSUs and become exercisable proportionately with those RSUs. Each right provides economic value equal to one Class A common share’s dividends.
What is Mary Turner’s holding of Dividend Equivalent Rights in DBI after this grant?
After this grant, Mary Turner directly holds 6,487 Dividend Equivalent Rights. This figure reflects her cumulative position in these RSU-linked rights following the reported acquisition.
Does Mary Turner’s DBI Form 4 filing involve open-market stock buying or selling?
No. The filing reports a grant/award acquisition of 930 Dividend Equivalent Rights, a compensation-related award. It does not involve open-market purchases or sales of DBI shares.