Designer Brands EVP granted dividend equivalent rights

O'Donnell Andrea reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

O'Donnell Andrea reported acquisition or exercise transactions in this Form 4 filing.

Designer Brands Inc. reported that EVP, COO & Brands President Andrea O'Donnell received a grant of 3,885 Dividend Equivalent Rights on July 8, 2026. These rights accrued on previously awarded restricted stock units and each right is the economic equivalent of one Class A common share, becoming exercisable proportionately with the related RSUs. Following this award, O'Donnell holds 22,780 Dividend Equivalent Rights directly.

Insider Trade Summary

Grant/Award: 3,885 shares

Grant/Award 1 txn

Insider O'Donnell Andrea

Role EVP, COO & Brands President

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	3,885	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 22,780 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: 3,885 rights Dividend Equivalent Rights post-transaction: 22,780 rights Underlying Class A Common Shares: 3,885 shares +1 more

4 metrics

Dividend Equivalent Rights granted 3,885 rights Grant to Andrea O'Donnell on July 8, 2026

Dividend Equivalent Rights post-transaction 22,780 rights Total Dividend Equivalent Rights held directly by Andrea O'Donnell after the grant

Underlying Class A Common Shares 3,885 shares Each Dividend Equivalent Right is the economic equivalent of one Class A common share

Transaction price per right $0.0000 Reported price and conversion/exercise price for the awarded Dividend Equivalent 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 insider transaction did Designer Brands (DBI) disclose for Andrea O'Donnell?

Designer Brands disclosed that executive Andrea O'Donnell received a grant of 3,885 Dividend Equivalent Rights on July 8, 2026. These rights are tied to previously awarded restricted stock units and mirror the economics of Class A common shares.

How many Dividend Equivalent Rights does Andrea O'Donnell hold after this DBI transaction?

After the reported grant, Andrea O'Donnell holds a total of 22,780 Dividend Equivalent Rights. This total reflects the new 3,885 rights accrued on earlier restricted stock unit awards and all prior similar rights held directly.

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

Dividend Equivalent Rights are awards that accrue on previously granted restricted stock units and become exercisable proportionately with those RSUs. Each right is described as the economic equivalent of one Class A common share of Designer Brands.

Do the DBI Dividend Equivalent Rights for Andrea O'Donnell have an exercise price?

The reported Dividend Equivalent Rights for Andrea O'Donnell show a transaction price and exercise price of $0.0000 per right. They vest and become exercisable in step with the underlying restricted stock units to which they relate.

What underlying security is linked to Andrea O'Donnell's DBI Dividend Equivalent Rights?

Each of Andrea O'Donnell’s 3,885 Dividend Equivalent Rights is linked to Class A Common Shares of Designer Brands. The filing states that each right is the economic equivalent of one share of the issuer's Class A common stock.

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

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Accepted by SEC EDGAR 07/10/2026 - 03:05 PM EDT 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^*

O'Donnell Andrea

(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, COO & Brands President

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		3,885		(1)	(1)	Class A Common Shares	3,885	$0.0000	22,780	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)