Does the Designer Brands (DBI) Form 4 show any share sales by the CFO?

No share sales are reported. The Form 4 shows an acquisition via grant of 784 dividend equivalent rights, classified as a derivative award, with no corresponding dispositions or open-market transactions in this filing.

Designer Brands (DBI) CFO receives 784 dividend-equivalent rights tied to RSUs

Q: How many dividend equivalent rights did DBI’s CFO acquire in this Form 4?

Sheamus Toal acquired 784 dividend equivalent rights . According to the filing, each right corresponds economically to one share of Designer Brands’ Class A common stock, matching the number of related restricted stock units.

Q: Do the dividend equivalent rights reported by DBI vest immediately?

No. The dividend equivalent rights become exercisable proportionately with the RSUs to which they relate. This means they follow the same vesting schedule as the previously awarded restricted stock units, rather than vesting all at once.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Toal Sheamus reported acquisition or exercise transactions in this Form 4 filing.

Designer Brands Inc. executive vice president and CFO Sheamus Toal received a grant of 784 dividend equivalent rights on Class A common shares. These rights accrued on previously awarded restricted stock units and will become exercisable proportionately as the related RSUs vest. Each right is economically equivalent to one share of Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Toal Sheamus

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	784	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 784 shares (Direct)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 784 rights Underlying Class A shares: 784 shares Price per right: $0.0000 +1 more

4 metrics

Dividend equivalent rights granted 784 rights Grant to EVP & CFO Sheamus Toal on derivative security

Underlying Class A shares 784 shares Each right is economic equivalent of one Class A share

Price per right $0.0000 Grant/award acquisition with no exercise price stated

Derivative holdings after grant 784 rights Total dividend equivalent rights following transaction

Key Terms

Dividend Equivalent Rights, restricted stock units, 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 financial

"The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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 →

04/14/2026 - 02:38 PM

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^*

Toal Sheamus

(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 & CFO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	04/10/2026		A		784		⁽¹⁾	⁽¹⁾	Class A Common Shares	784	$0.0000	784	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Designer Brands Inc. (DBI) report for Sheamus Toal?

Designer Brands reported that EVP & CFO Sheamus Toal received a grant of 784 dividend equivalent rights. These rights are tied to existing RSUs and mirror the value of Class A common shares as they vest over time.

What are dividend equivalent rights in Designer Brands Inc. (DBI) Form 4?

Dividend equivalent rights give the holder an economic benefit equal to dividends on underlying shares. For DBI, each right is the economic equivalent of one Class A common share and accrues on previously awarded restricted stock units (RSUs).

How many dividend equivalent rights did DBI’s CFO acquire in this Form 4?

Sheamus Toal acquired 784 dividend equivalent rights. According to the filing, each right corresponds economically to one share of Designer Brands’ Class A common stock, matching the number of related restricted stock units.

Do the dividend equivalent rights reported by DBI vest immediately?

No. The dividend equivalent rights become exercisable proportionately with the RSUs to which they relate. This means they follow the same vesting schedule as the previously awarded restricted stock units, rather than vesting all at once.