Designer Brands EVP granted dividend equivalent rights

Turner Mary reported acquisition or exercise transactions in this Form 4 filing.

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.

Insights

Equity Compensation Analyst

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

Grant/Award: 930 shares

Grant/Award 1 txn

Insider Turner Mary

Role EVP;Pres DesignerBrands Canada

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	930	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 6,487 contracts (Direct)

Footnotes (1)

1. F1. The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/10/2026 - 03:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Turner Mary

(Last) (First) (Middle)

810 DSW DRIVE

(Street)

COLUMBUS OHIO 43219

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Designer Brands Inc. [ DBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP;Pres DesignerBrands Canada

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	07/08/2026		A		930		(1)	(1)	Class A Common Shares	930	$0.0000	6,487	D

Explanation of Responses:

1. The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.

	Katherine Alfano, Attorney-in-Fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)