DBI executive granted 1,290 dividend rights

O'Donnell Andrea reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

O'Donnell Andrea reported acquisition or exercise transactions in this Form 4 filing.

Designer Brands Inc. executive Andrea O'Donnell received a grant of 1,290 dividend equivalent rights tied to previously awarded restricted stock units. These rights are compensation-related awards, not open-market trades.

Each right is economically equivalent to one Class A common share, bringing her reported derivative holdings to 18,895 units after the transaction.

Insider Trade Summary

Grant/Award: 1,290 shares

Grant/Award 1 txn

Insider O'Donnell Andrea

Role EVP, COO & Brands President

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	1,290	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 18,895 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: 1,290 rights Holdings after transaction: 18,895 units Economic equivalence: 1 right = 1 share

3 metrics

Dividend equivalent rights granted 1,290 rights Grant on 2026-04-10 tied to RSUs

Holdings after transaction 18,895 units Total derivative units following grant

Economic equivalence 1 right = 1 share Each right equals one Class A common share economically

Key Terms

Dividend Equivalent Rights, restricted stock units, Class A common stock

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

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

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.

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.

FAQ

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

What did Designer Brands Inc. (DBI) report in Andrea O'Donnell's latest Form 4?

Designer Brands reported that executive Andrea O'Donnell received 1,290 dividend equivalent rights as a compensation grant. These awards are tied to existing restricted stock units and are economically equivalent to Class A common shares, rather than open-market share purchases or sales.

How many dividend equivalent rights did DBI executive Andrea O'Donnell receive?

Andrea O'Donnell received a grant of 1,290 dividend equivalent rights. These rights accrue on previously awarded restricted stock units and mirror dividend payments on Class A common shares, providing the same economic value as one share for each right granted.

Are Andrea O'Donnell's dividend equivalent rights at DBI open-market stock purchases?

No, the 1,290 dividend equivalent rights granted to Andrea O'Donnell are not open‑market purchases. They are compensation-related awards that accrue on restricted stock units, giving economic exposure equivalent to Class A common stock without a cash purchase in the market.

What is the total position reported after Andrea O'Donnell's new DBI award?

After the grant of 1,290 dividend equivalent rights, Andrea O'Donnell is reported to hold 18,895 derivative units. This figure reflects her position in these dividend-related instruments tied to restricted stock units, rather than a direct increase from market trading activity.

What does each dividend equivalent right represent for DBI Class A shares?

Each dividend equivalent right is the economic equivalent of one share of Designer Brands’ Class A common stock. The rights accrue on restricted stock units and become exercisable in proportion to the underlying units as they vest over time.

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^*

O'Donnell Andrea

(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, COO & Brands President

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		1,290		(1)	(1)	Class A Common Shares	1,290	$0.0000	18,895	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)