DBI executive granted 681 dividend equivalent rights

Designer Brands Inc. executive Mary Turner reported a compensation-related grant of derivative awards.

Rhea-AI Filing Summary

Designer Brands Inc. executive Mary Turner reported a compensation-related grant of derivative awards. She received 681 Dividend Equivalent Rights on April 10, 2026, each tied to previously awarded restricted stock units and economically equivalent to one Class A common share. Following this grant, she holds 5,557 Dividend Equivalent Rights in total.

The dividend equivalent rights accrue on earlier RSU awards and become exercisable at the same time and in the same proportion as those RSUs. This filing reflects an acquisition of compensation-linked rights, not an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 681 shares

Grant/Award 1 txn

Insider Turner Mary

Role EVP;Pres DesignerBrands Canada

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	681	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 5,557 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: 681 rights Total Dividend Equivalent Rights after grant: 5,557 rights Underlying Class A shares per right: 1 share equivalent +1 more

4 metrics

Dividend Equivalent Rights granted 681 rights Grant on April 10, 2026

Total Dividend Equivalent Rights after grant 5,557 rights Holdings following April 10, 2026 transaction

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

Transaction code A Classified as grant, award, or other acquisition

Key Terms

Dividend Equivalent Rights, restricted stock units (RSUs), Class A common stock, grant, award, or other acquisition

4 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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Designer Brands (DBI) report for Mary Turner?

Designer Brands reported that executive Mary Turner received 681 Dividend Equivalent Rights on April 10, 2026. These rights are compensation-related awards linked to earlier RSU grants and are economically equivalent to Class A common shares rather than open-market stock purchases or sales.

How many Dividend Equivalent Rights does Mary Turner hold after this DBI Form 4?

After the April 10, 2026 grant of 681 Dividend Equivalent Rights, Mary Turner holds 5,557 such rights. These awards track previously granted restricted stock units and mirror the value of Class A common shares as they vest, aligning her compensation with shareholder outcomes over time.

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

Dividend Equivalent Rights are derivative awards that mirror dividends on underlying shares tied to RSUs. For Designer Brands, each right is economically equivalent to one Class A common share and becomes exercisable proportionately as the related restricted stock units vest for the executive.

Are Mary Turner’s DBI Dividend Equivalent Rights an open-market stock purchase?

No, Mary Turner’s 681 Dividend Equivalent Rights are a grant classified as a compensation-related acquisition. They accrue on previously awarded restricted stock units and reflect derivative compensation, rather than an open-market purchase of Designer Brands Class A common shares on an exchange.

How do Mary Turner’s Dividend Equivalent Rights at DBI vest over time?

The Dividend Equivalent Rights vest and become exercisable proportionately with the restricted stock units to which they relate. As each RSU tranche for Mary Turner vests, the corresponding portion of these rights also becomes exercisable, maintaining economic equivalence with Designer Brands Class A common shares.

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

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Accepted by SEC EDGAR 04/14/2026 - 02:38 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^*

Turner Mary

(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 DesignerBrands Canada

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		681		(1)	(1)	Class A Common Shares	681	$0.0000	5,557	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)