Designer Brands director receives 239-share stock grant
Schottenstein Joseph A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Schottenstein Joseph A. reported acquisition or exercise transactions in this Form 4 filing.
Designer Brands Inc. director Joseph A. Schottenstein reported an A-code grant/award of 239 Class A common shares at $0.00 per share. Following this award, he holds 318,380 Class A shares directly. He is also reported as having indirect interests in 1,273,099 shares through Schottenstein Realty LLC and 31,050 shares through trusts, and disclaims beneficial ownership of those indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Small routine equity grant to a director; overall impact is neutral.
Director Joseph A. Schottenstein received a Form 4-reported grant of 239 Class A common shares at $0.00 per share. Code A indicates a grant, award, or similar acquisition, typically part of standard director compensation rather than an open-market purchase.
After this grant, Schottenstein holds 318,380 shares directly, plus indirect interests in 1,273,099 shares through Schottenstein Realty LLC and 31,050 shares via trusts. A footnote states he disclaims beneficial ownership of the indirect holdings except for his pecuniary interest, meaning economic exposure may differ from voting control. No sales or option exercises are reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Shares | 239 | $0.00 | $0.00 |
| holding | Class A Common Shares F1 | -- | -- | -- |
| holding | Class A Common Shares F1 | -- | -- | -- |
Footnotes (1)
- F1. Mr. Schottenstein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
Grant, award, or other acquisition financial
indirect financial
pecuniary interest financial
beneficial ownership financial
FAQ
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What transaction did Joseph A. Schottenstein report on Form 4 for DBI?
What indirect holdings in Designer Brands (DBI) are associated with Joseph A. Schottenstein?
Does Joseph A. Schottenstein claim full beneficial ownership of his indirect DBI holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.