Director at Designer Brands (NYSE: DBI) receives 2,137 stock units in board grant

Rhea-AI Filing Summary

Designer Brands Inc. director Allan J. Tanenbaum received a grant of 2,137 stock units as board compensation. Each stock unit represents a contingent right to receive one Class A common share and includes dividend equivalent rights accrued on previously awarded units.

The stock units vest on the grant date and will convert into an equal number of Class A common shares when Tanenbaum’s service on the Board ends. After this award, his directly held stock unit balance totals 285,880, indicating this is a routine, compensation-related acquisition rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TANENBAUM ALLAN J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit	2,137	$0.00	--

Holdings After Transaction: Stock Unit — 285,880 shares (Direct)

Footnotes (1)

1. Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. Shares represent dividend equivalent rights accrued on previously awarded stock units. The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors. Total includes accrued dividend equivalent rights.

Key Figures

Stock units granted: 2,137 stock units Post-transaction stock unit holdings: 285,880 stock units Unit-to-share ratio: 1 unit : 1 share +2 more

5 metrics

Stock units granted 2,137 stock units Award to director on April 10, 2026

Post-transaction stock unit holdings 285,880 stock units Direct holdings after grant

Unit-to-share ratio 1 unit : 1 share Each stock unit converts to one Class A common share

Grant price $0.00 per unit Compensation award, no cash paid by insider

Underlying shares from grant 2,137 Class A common shares Shares deliverable upon conversion of the new units

Key Terms

stock unit, dividend equivalent rights, contingent right, Class A common stock

4 terms

stock unit financial

"Each stock unit represents a contingent right to receive one share"

dividend equivalent rights financial

"Shares represent dividend equivalent rights accrued on previously awarded 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.

contingent right financial

"Each stock unit represents a contingent right to receive one share"

Class A common stock financial

"converted to an equal number of shares 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.

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^*

TANENBAUM ALLAN J

(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)

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

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
Stock Unit	(1)	04/10/2026		A		2,137(2)		(3)	(3)	Class A Common Shares	2,137	$0.0000	285,880(4)	D

Explanation of Responses:

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

2. Shares represent dividend equivalent rights accrued on previously awarded stock units.

3. The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

4. Total includes accrued dividend equivalent rights.

	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 did Designer Brands (DBI) director Allan Tanenbaum report on this Form 4?

Allan Tanenbaum reported receiving 2,137 stock units of Designer Brands as a grant. These units are a form of equity compensation tied to his board service and will convert into Class A common shares when his board tenure ends.

Is Allan Tanenbaum buying or selling Designer Brands (DBI) shares in this filing?

He is not buying or selling shares on the open market in this filing. The Form 4 shows a compensation-related award of 2,137 stock units, reflecting an acquisition through a grant rather than a discretionary purchase or sale.

How many Designer Brands (DBI) stock units does Allan Tanenbaum hold after this transaction?

Following the 2,137 stock unit grant, Allan Tanenbaum directly holds 285,880 stock units. These units represent rights to receive an equal number of Class A common shares in the future, tied to his continued or completed board service.

When do Allan Tanenbaum’s new Designer Brands (DBI) stock units vest and convert to shares?

The stock units vest on the grant date but convert later into Class A common shares. Conversion occurs when Tanenbaum’s service on Designer Brands’ Board of Directors terminates, aligning settlement with the end of his board tenure.

What are dividend equivalent rights mentioned in the Designer Brands (DBI) Form 4?

Dividend equivalent rights mirror dividends paid on common shares for stock unit holders. In this filing, the 2,137 stock units include rights accrued on previously awarded units, so his total reflects both core units and accumulated dividend equivalents.