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Designer Brands (NYSE: DBI) director receives 26,527 stock units in equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Designer Brands Inc. director Allan J. Tanenbaum received an award of 26,527 stock units on June 17, 2026 as compensation. Each stock unit represents the right to receive one Class A common share, vests on the grant date, and will convert into shares when he leaves the board. After this grant, Tanenbaum directly holds 312,407 stock units, a routine increase that includes accrued dividend equivalent rights.

Positive

  • None.

Negative

  • None.
Insider TANENBAUM ALLAN J
Role null
Type Security Shares Price Value
Grant/Award Stock Unit 26,527 $0.00 --
Holdings After Transaction: Stock Unit — 312,407 shares (Direct, null)
Footnotes (1)
  1. Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. 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.
Stock units granted 26,527 stock units Grant to director Allan J. Tanenbaum on June 17, 2026
Total stock units after grant 312,407 stock units Direct holdings following the reported transaction
Grant transaction price $0.00 per unit Compensation grant, not an open-market purchase
Underlying Class A shares 26,527 shares Each stock unit equals one Class A common share
Stock Unit financial
"Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock."
Class A common stock financial
"Each stock unit represents a contingent right to receive one share of the 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.
dividend equivalent rights financial
"Total includes accrued dividend equivalent rights."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Unit(1)06/17/2026A26,527 (2) (2)Class A Common Shares26,527$0.0000312,407(3)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. 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.
3. Total includes accrued dividend equivalent rights.
Katherine Alfano, Attorney-in-Fact06/22/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Allan Tanenbaum reported receiving 26,527 stock units of Designer Brands as a compensation grant. These units vest immediately and represent future rights to Class A common shares, increasing his total stock unit holdings to 312,407, including accrued dividend equivalent rights.

Is Allan Tanenbaum’s DBI Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant of stock units to Allan Tanenbaum, not an open-market stock purchase. The transaction is coded “A” for grant or award, with a price per unit of $0.00, indicating equity compensation awarded for his board service.

How many Designer Brands stock units does Allan Tanenbaum hold after this award?

Following the June 17, 2026 grant, Allan Tanenbaum holds 312,407 stock units in Designer Brands. This total includes the newly awarded 26,527 units as well as previously accrued dividend equivalent rights, all reported as directly owned on the Form 4.

When will Allan Tanenbaum’s Designer Brands stock units convert into Class A shares?

The stock units will convert into an equal number of Designer Brands Class A common shares when Allan Tanenbaum’s service on the board of directors ends. Until that termination of service, they remain as stock units rather than issued common shares.

What does each Designer Brands stock unit represent in Allan Tanenbaum’s Form 4?

Each stock unit represents a contingent right to receive one share of Designer Brands’ Class A common stock. The units vest on the grant date and later convert into shares upon Tanenbaum’s termination of service from the board, as disclosed in the filing footnotes.

Does the Form 4 mention dividend equivalent rights for Allan Tanenbaum’s DBI units?

Yes. The Form 4 notes that the total reported stock units include accrued dividend equivalent rights. Dividend equivalents mirror dividends on common shares and are credited as additional stock units, increasing the overall number of units held over time.