Designer Brands (DBI) EVP Laura Davis granted 3,021 dividend equivalent rights

Rhea-AI Filing Summary

Designer Brands Inc. executive Laura Davis, EVP and President of DSW Designer Shoe Warehouse, received an award of 3,021 Dividend Equivalent Rights tied to previously granted restricted stock units. Each right represents the economic equivalent of one Class A common share and vests proportionately with the related RSUs.

Following this compensation-related acquisition, Davis directly holds 32,219 Dividend Equivalent Rights, reflecting a routine, non‑market transaction rather than an open‑market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Laura

Role EVP;Pres DSW Designer ShoeWhse

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	3,021	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 32,219 shares (Direct)

Footnotes (1)

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Key Figures

Dividend Equivalent Rights granted: 3,021 rights Total Dividend Equivalent Rights after grant: 32,219 rights Underlying Class A common shares per right: 1 share per right +1 more

4 metrics

Dividend Equivalent Rights granted 3,021 rights Grant on 2026-04-10

Total Dividend Equivalent Rights after grant 32,219 rights Holdings following transaction

Underlying Class A common shares per right 1 share per right Each right equals one Class A common share economically

Price per right in transaction $0.00 Grant/award acquisition, no purchase price

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

"accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Davis Laura

(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 DSW Designer ShoeWhse

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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)	04/10/2026		A		3,021		(1)	(1)	Class A Common Shares	3,021	$0.0000	32,219	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	04/14/2026
	** 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)

FAQ

What did Designer Brands (DBI) executive Laura Davis report on this Form 4?

Laura Davis reported receiving 3,021 Dividend Equivalent Rights as compensation. These rights are linked to previously awarded restricted stock units and mirror the value of Class A common shares, without involving any open‑market share purchases or sales.

How many Dividend Equivalent Rights did Laura Davis acquire in this DBI filing?

Laura Davis acquired 3,021 Dividend Equivalent Rights in this transaction. These rights accrued on earlier restricted stock unit grants and will become exercisable over time in step with those RSUs, matching the economic value of Class A common shares.

What are Dividend Equivalent Rights in the context of Designer Brands (DBI)?

Dividend Equivalent Rights give the holder economic value comparable to one Class A common share per right. For DBI, these rights accrue on previously granted restricted stock units and become exercisable proportionately as the underlying RSUs vest over time.

Did Laura Davis buy or sell Designer Brands (DBI) stock in the open market?

No, Laura Davis did not buy or sell shares in the open market. She received 3,021 Dividend Equivalent Rights as a grant linked to existing restricted stock units, making this a routine compensation event rather than a discretionary market trade.

What are Laura Davis’s holdings after this DBI Form 4 transaction?

After this transaction, Laura Davis directly holds 32,219 Dividend Equivalent Rights. These derivative rights are tied to restricted stock units and track the economic value of Class A common shares, reflecting her continuing equity‑based compensation position at Designer Brands.