Designer Brands (DBI) chair granted 8,916 dividend equivalent rights tied to RSUs

Rhea-AI Filing Summary

Designer Brands Inc. Executive Chairman Jay L. Schottenstein reported a compensation-related award of 8,916 Dividend Equivalent Rights on Class A Common Shares. These rights accrued on previously granted restricted stock units and represent the economic equivalent of one common share each.

Following this acquisition, Schottenstein directly holds 69,112 Dividend Equivalent Rights. The award reflects routine equity-based compensation rather than an open-market purchase or sale of shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHOTTENSTEIN JAY L

Role Executive Chairman

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	8,916	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 69,112 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 8,916 rights Rights following transaction: 69,112 rights Transaction price per right: $0.0000 +1 more

4 metrics

Dividend Equivalent Rights granted 8,916 rights Grant on Dividend Equivalent Rights dated April 10, 2026

Rights following transaction 69,112 rights Total Dividend Equivalent Rights held directly after grant

Transaction price per right $0.0000 Recorded price per Dividend Equivalent Right for the grant

Underlying Class A shares 8,916 shares Each Dividend Equivalent Right equals one Class A common share economically

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

"accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately"

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""

Form 4 Insider Transactions: What Each Field Means →

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^*

SCHOTTENSTEIN JAY L

(Last) (First) (Middle)

SCHOTTENSTEIN STORES CORPORATION

4300 E. FIFTH AVE.

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

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		8,916		(1)	(1)	Class A Common Shares	8,916	$0.0000	69,112	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)

FAQ

What insider transaction did Designer Brands (DBI) report for Jay L. Schottenstein?

Designer Brands reported that Executive Chairman Jay L. Schottenstein received 8,916 Dividend Equivalent Rights tied to Class A Common Shares. These awards are compensation-related and not open-market trades, reflecting equity-based incentives rather than a direct stock purchase or sale.

What are Dividend Equivalent Rights in the Designer Brands (DBI) Form 4?

Dividend Equivalent Rights give the holder economic value equal to one Class A common share per right. In this case, they accrued on previously awarded restricted stock units and become exercisable proportionately as those RSUs vest for the reporting executive.

How many Dividend Equivalent Rights does Jay L. Schottenstein hold after this DBI transaction?

After the reported award, Jay L. Schottenstein holds 69,112 Dividend Equivalent Rights directly. This total includes the newly acquired 8,916 rights, which are linked to existing restricted stock unit grants on Designer Brands’ Class A Common Shares.

Is the Designer Brands (DBI) Form 4 transaction a stock purchase or sale?

No, the Form 4 shows a grant of 8,916 Dividend Equivalent Rights, not an open-market stock purchase or sale. The transaction is classified as a grant or award acquisition related to previously issued restricted stock units for the executive chairman.

How do the Dividend Equivalent Rights relate to RSUs in the DBI filing?

The filing explains that the Dividend Equivalent Rights accrued on previously awarded restricted stock units and become exercisable proportionately with those RSUs. Each right mirrors the economic value of one share of Designer Brands’ Class A common stock for the holder.