Designer Brands (NYSE: DBI) executive receives new restricted stock unit grants

Rhea-AI Filing Summary

Designer Brands Inc. executive Andrea O'Donnell, EVP, COO & Brands President, reported compensation-related equity grants. On March 11, 2026, she received 12,517 restricted stock units tied to Class A common shares, which are scheduled to convert on March 28, 2027. She also received a separate grant of 33,511 restricted stock units scheduled to convert on March 28, 2028. Each restricted stock unit represents a contingent right to receive one Class A common share. Following these grants, her reported holdings for these respective RSU awards increased to 58,262 and 33,511 units, reflecting additional stock-based compensation rather than open-market purchases or sales.

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 OH 43219

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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

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

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

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
Restricted Stock Unit	(1)	03/11/2026		A		12,517		03/28/2027	03/28/2027	Class A Common Shares	12,517	$0.0000	58,262	D
Restricted Stock Unit	(1)	03/11/2026		A		33,511		03/28/2028	03/28/2028	Class A Common Shares	33,511	$0.0000	33,511	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

	Katherine Alfano, Attorney-in-Fact	03/13/2026
	** 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.

FAQ

What insider transactions did Designer Brands (DBI) report for Andrea O'Donnell?

Designer Brands reported that executive Andrea O'Donnell received two grants of restricted stock units on March 11, 2026. These awards are stock-based compensation tied to future delivery of Class A common shares, not open-market share purchases or sales.

How many restricted stock units did Andrea O'Donnell receive in the latest DBI Form 4?

Andrea O'Donnell received 12,517 restricted stock units and a separate grant of 33,511 restricted stock units. Each unit represents a contingent right to receive one Class A common share of Designer Brands when the applicable conditions are satisfied.

When do Andrea O'Donnell’s new DBI restricted stock units convert into shares?

The 12,517 restricted stock units are scheduled to convert on March 28, 2027, and the 33,511 restricted stock units are scheduled to convert on March 28, 2028. Conversion is contingent on the terms of the awards being met.

Are Andrea O'Donnell’s DBI Form 4 transactions open-market buys or sells?

No, the Form 4 reports compensation-related grants classified under transaction code “A” for awards. These transactions represent acquisitions of restricted stock units at no purchase price, rather than open-market buying or selling of Designer Brands’ Class A common shares.

What does each DBI restricted stock unit granted to Andrea O'Donnell represent?

Each restricted stock unit represents a contingent right to receive one share of Designer Brands’ Class A common stock. Delivery of the shares depends on the award’s conditions being satisfied, such as service or performance requirements over time.