Designer Brands Inc. (NYSE: DBI) grants Jay Schottenstein 15,165 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHOTTENSTEIN JAY L reported acquisition or exercise transactions in this Form 4 filing.
Designer Brands Inc. reported that Executive Chairman Jay L. Schottenstein received a grant of 15,165 Dividend Equivalent Rights linked to previously awarded restricted stock units. Each right is economically equivalent to one Class A common share and vests proportionately with the related RSUs. Following this award, he holds 84,277 Dividend Equivalent Rights directly.
Positive
- None.
Negative
- None.
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 | 15,165 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 84,277 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend Equivalent Rights granted: 15,165
Dividend Equivalent Rights after transaction: 84,277
Transaction price per right: $0.0000
+1 more
4 metrics
Dividend Equivalent Rights granted
15,165
Grant of Dividend Equivalent Rights on 2026-07-08
Dividend Equivalent Rights after transaction
84,277
Total Dividend Equivalent Rights held directly after award
Transaction price per right
$0.0000
Grant of Dividend Equivalent Rights to Executive Chairman
Underlying Class A shares per right
1
Each Dividend Equivalent 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 (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 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.
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
What insider transaction did Designer Brands Inc. (DBI) report for Jay L. Schottenstein?
Designer Brands Inc. reported that Executive Chairman Jay L. Schottenstein received an award of 15,165 Dividend Equivalent Rights. These rights are tied to existing RSUs and are economically equivalent to Class A common shares.
How many Dividend Equivalent Rights does Jay L. Schottenstein hold after this DBI Form 4 filing?
After the reported transaction, Jay L. Schottenstein holds 84,277 Dividend Equivalent Rights. These derivative rights are linked to restricted stock units and mirror the value of Class A common shares.
What are Dividend Equivalent Rights in the context of Designer Brands Inc. (DBI)?
Dividend Equivalent Rights at Designer Brands Inc. are awards that accrue on previously granted RSUs. Each right is the economic equivalent of one Class A common share and becomes exercisable with the related RSUs.
Was there any open-market buying or selling by Jay L. Schottenstein in this DBI Form 4?
No open-market buying or selling was reported. The Form 4 shows a grant of 15,165 Dividend Equivalent Rights with a transaction price of $0.0000, reflecting a compensation-related award rather than a market trade.
Are the Dividend Equivalent Rights granted to Jay L. Schottenstein immediately exercisable at DBI?
The Dividend Equivalent Rights become exercisable proportionately with the RSUs to which they relate. Their timing and vesting follow the same schedule as those previously awarded restricted stock units.