CFO of Designer Brands (NYSE: DBI) granted 104,165 RSUs

Rhea-AI Filing Summary

Designer Brands Inc. reported that EVP & CFO Sheamus Toal acquired 104,165 restricted stock units on March 2, 2026 as an equity award. Each unit represents a contingent right to receive one share of the company’s Class A common stock, aligning a portion of his compensation with shareholder value.

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

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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^*

Toal Sheamus

(Last) (First) (Middle)

810 DSW DRIVE

(Street)

COLUMBUS OH 43219

(City) (State) (Zip)

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 & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Restricted Stock Unit	(1)	03/02/2026		A		104,165		03/02/2029	03/02/2029	Class A Common Shares	104,165	$0.0000	104,165	D

Explanation of Responses:

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

	Katherine Alfano, Attorney-in-Fact	03/04/2026
	** 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.
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FAQ

What insider transaction did Designer Brands (DBI) report for Sheamus Toal?

Designer Brands reported that EVP & CFO Sheamus Toal received an equity award of 104,165 restricted stock units. This grant is reported on a Form 4 and reflects part of his executive compensation in stock-based incentives tied to the company’s Class A common shares.

How many restricted stock units were granted to Designer Brands’ CFO?

Designer Brands’ EVP & CFO Sheamus Toal was granted 104,165 restricted stock units. These units increase his direct derivative holdings to the same amount, representing a significant stock-based component of his compensation linked to the company’s future performance and share price.

What does each restricted stock unit for Designer Brands (DBI) represent?

Each restricted stock unit represents a contingent right to receive one share of Designer Brands’ Class A common stock. This means the award converts into actual shares upon meeting applicable vesting conditions, directly tying the executive’s potential benefit to the company’s equity value.

Was the Designer Brands CFO’s Form 4 transaction a purchase or an award?

The Form 4 shows an award, not an open-market purchase, of 104,165 restricted stock units to the Designer Brands CFO. It is coded as a grant or other acquisition, typically reflecting compensation rather than a discretionary buy on the public market.

How did the RSU grant affect the CFO’s reported holdings in Designer Brands?

Following the grant of 104,165 restricted stock units, the CFO’s directly owned derivative holdings in Designer Brands match that amount. This award increases his exposure to the company’s stock, reinforcing alignment between executive incentives and long-term shareholder interests.

What security class underlies the CFO’s RSU award at Designer Brands (DBI)?

The CFO’s RSU award is tied to Designer Brands’ Class A common stock. Each restricted stock unit converts into one share of this class upon satisfaction of the award’s terms, making the grant a form of deferred equity compensation rather than immediate cash income.