Designer Brands (NYSE: DBI) EVP receives 776 dividend equivalent rights

Rhea-AI Filing Summary

Designer Brands Inc. executive vice president and President of Designer Brands Canada reported an equity-related transaction in the company’s stock. On 12/19/2025, the insider acquired 776 dividend equivalent rights tied to previously awarded restricted stock units at a price of $0.0000 per right. After this transaction, the insider holds 8,098 dividend equivalent rights directly. Each right represents the economic equivalent of one share of Designer Brands’ Class A common stock and becomes exercisable in step with the underlying restricted stock units.

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

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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 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;Pres DesignerBrands Canada

3. Date of Earliest Transaction (Month/Day/Year)
12/19/2025

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
Dividend Equivalent Rights	(1)	12/19/2025		A		776		(1)	(1)	Class A Common Shares	776	$0.0000	8,098	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	12/23/2025
	** 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.
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FAQ

What insider transaction did Designer Brands Inc. (DBI) report in this Form 4?

The filing reports that a senior officer of Designer Brands Inc. acquired 776 dividend equivalent rights on 12/19/2025 related to previously awarded restricted stock units.

Who is the reporting person in this Designer Brands (DBI) Form 4?

The reporting person is an officer of Designer Brands Inc., serving as EVP; President, Designer Brands Canada, with the transaction reported for their beneficial holdings.

What are the terms of the dividend equivalent rights reported for DBI?

The dividend equivalent rights accrued on previously awarded restricted stock units and become exercisable proportionately with those RSUs. Each right is the economic equivalent of one share of Designer Brands’ Class A common stock.

How many dividend equivalent rights does the DBI insider own after this transaction?

Following the reported transaction, the officer beneficially owns 8,098 dividend equivalent rights directly.

What was the price paid for the dividend equivalent rights in this DBI Form 4?

The 776 dividend equivalent rights were reported with a price of $0.0000 per right, reflecting that they accrued as part of existing restricted stock unit awards.

Are the dividend equivalent rights in this Designer Brands filing tied to Class A common shares?

Yes. Each dividend equivalent right is described as the economic equivalent of one share of Issuer's Class A common stock, linked to the vesting of the underlying restricted stock units.