Designer Brands insider awarded dividend-equivalent rights

SCHOTTENSTEIN JAY L reported acquisition or exercise transactions in this Form 4 filing.

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.

Insider Trade Summary

Grant/Award: 15,165 shares

Grant/Award 1 txn

Insider SCHOTTENSTEIN JAY L

Role Executive Chairman

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	15,165	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 84,277 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: 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

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

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.

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

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Accepted by SEC EDGAR 07/10/2026 - 03:05 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
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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)
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	07/08/2026	A		15,165		(1)	(1)	Class A Common Shares	15,165	$0.0000	84,277	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)