Designer Brands EVP granted 4,750 dividend rights

Davis Laura reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Davis Laura reported acquisition or exercise transactions in this Form 4 filing.

Designer Brands Inc. executive Laura Davis, EVP and President of DSW Designer Shoe Warehouse, received a grant of 4,750 Dividend Equivalent Rights tied to previously awarded restricted stock units. Each right is economically equivalent to one Class A common share, bringing her reported derivative holdings to 36,969 rights after this award.

Insights

Equity Compensation Analyst

Routine equity-based compensation grant with modest size, neutral for shareholders.

EVP Laura Davis received 4,750 Dividend Equivalent Rights, which accrue on previously granted restricted stock units. Each right is the economic equivalent of one Class A common share and vests proportionately with the related RSUs, so value realization is tied to existing awards.

The award increased her reported derivative position to 36,969 rights following the transaction on 2026-07-08. This appears to be standard compensation rather than an open-market purchase or sale, so it mainly signals ongoing use of equity incentives rather than a change in sentiment.

Insider Trade Summary

Grant/Award: 4,750 shares

Grant/Award 1 txn

Insider Davis Laura

Role EVP;Pres DSW Designer ShoeWhse

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	4,750	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 36,969 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: 4,750 rights Derivative Holdings After Transaction: 36,969 rights Transaction Price per Right: $0.0000 +1 more

4 metrics

Dividend Equivalent Rights Granted 4,750 rights Grant/award acquisition of Dividend Equivalent Rights on 2026-07-08

Derivative Holdings After Transaction 36,969 rights Total Dividend Equivalent Rights reported following the award

Transaction Price per Right $0.0000 Compensation grant with no cash price per right

Underlying Class A Common Shares 4,750 shares Each Dividend Equivalent Right is the economic equivalent of one share

Key Terms

Dividend Equivalent Rights, restricted stock units, economic equivalent

3 terms

Dividend Equivalent Rights financial

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

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.

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share"

FAQ

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

What did Laura Davis of DBI receive in this Form 4 filing?

Laura Davis received a grant of 4,750 Dividend Equivalent Rights. These rights are tied to earlier restricted stock units and are economically equivalent to Class A common shares as they vest.

What are Dividend Equivalent Rights reported for DBI executive Laura Davis?

Dividend Equivalent Rights are compensation units that accrue on restricted stock units. For Laura Davis, each right is the economic equivalent of one Class A common share when the related RSUs vest.

How many derivative rights does DBI executive Laura Davis hold after this transaction?

After this grant, Laura Davis is reported to hold 36,969 Dividend Equivalent Rights. This total reflects her derivative position following the award of 4,750 new rights.

Was the DBI Form 4 for Laura Davis a market purchase or sale?

No, the DBI Form 4 shows a grant/award acquisition of Dividend Equivalent Rights, not an open-market purchase or sale. It represents equity compensation rather than trading activity.

How do the DBI Dividend Equivalent Rights for Laura Davis relate to RSUs?

The Dividend Equivalent Rights accrued on previously awarded RSUs and become exercisable proportionately with those RSUs. Their value tracks the underlying Class A common stock over the RSUs’ vesting period.

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

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Accepted by SEC EDGAR 07/10/2026 - 03:05 PM 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^*

Davis Laura

(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 DSW Designer ShoeWhse

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

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)	07/08/2026		A		4,750		(1)	(1)	Class A Common Shares	4,750	$0.0000	36,969	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	07/10/2026
	** 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)