Haley Mark 4
4 · Designer Brands Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Designer Brands (DBI) SVP Haley Mark Exercises RSUs; Shares Withheld
What Happened
Haley Mark, SVP, Controller & Principal Accounting Officer of Designer Brands (DBI), converted/settled restricted stock units and related dividend-equivalent rights on March 23, 2026. The filing reports acquisition/settlement of equity in several derivative transactions totaling 28,825 shares (reported at $0.00 per share as these were issuances from awards). To cover tax withholding, 9,327 shares were surrendered (code F) at an implied price of $5.40 per share, generating $50,366 in tax payment. Additional derivative-related conversions/dispositions of 3,005 and 25,820 shares were also reported (each shown at $0.00), reflecting settlement of award-based interests rather than open-market trades.
Key Details
- Transaction date: 2026-03-23 (Form 4 filed 2026-03-25; timely filing).
- Primary codes: M = exercise/conversion of derivative awards; F = payment of exercise price/tax liability (shares withheld for taxes).
- Shares involved: 28,825 shares acquired/issued via conversion; 9,327 shares withheld for taxes (valued at $5.40/share → $50,366); other reported derivative conversions/dispositions of 3,005 and 25,820 shares (reported at $0.00).
- Footnotes: Dividend equivalents accrued on RSUs become exercisable with the RSUs (each dividend equivalent equals one share). Each RSU represents a contingent right to one Class A share.
- Shares owned after transaction: not specified in the provided filing.
Context
These transactions reflect settlement of equity awards (RSUs and associated dividend-equivalent rights), not an open-market purchase or sale. The withholding of 9,327 shares to satisfy tax obligations (code F) is routine in equity settlements and does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Shares
2026-03-23+28,825→ 28,825 total - Tax Payment
Class A Common Shares
2026-03-23$5.40/sh−9,327$50,366→ 19,498 total - Exercise/Conversion
Dividend Equivalent Rights
[F1]2026-03-23−3,005→ 5,721 total→ Class A Common Shares (3,005 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2]2026-03-23−25,820→ 0 totalFrom: 2026-03-23Exp: 2026-03-23→ Class A Common Shares (25,820 underlying)
Footnotes (2)
- [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.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.