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Designer Brands Inc.·4

Mar 25, 4:23 PM ET

SCHOTTENSTEIN JAY L 4

4 · Designer Brands Inc. · Filed Mar 25, 2026

Research Summary

AI-generated summary of this filing

Updated

Designer Brands (DBI) 10% Owner Jay Schottenstein Exercises RSUs

What Happened
Jay L. Schottenstein, a reported 10% owner of Designer Brands (DBI), exercised/convered derivative rights tied to restricted stock units (RSUs) on 2026-03-23. The filing shows 196,544 shares acquired via conversion/exercise at $0.00 per share. To satisfy tax withholding, 58,823 shares were surrendered/ disposed at $5.40 per share for $317,644. The report also lists two derivative-related dispositions of 20,486 and 176,058 shares (both recorded at $0.00 in the filing).

Key Details

  • Transaction date: 2026-03-23; Form filed: 2026-03-25 (timely filing).
  • Exercises/conversions: 196,544 shares acquired at $0.00 per share (derivative conversion of RSUs/dividend equivalents).
  • Tax withholding: 58,823 shares disposed at $5.40 per share, total $317,644 (marked as tax payment/withholding).
  • Additional derivative dispositions shown: 20,486 and 176,058 shares listed as disposed at $0.00 (per filing).
  • Footnotes: Dividend equivalent rights accrued on RSUs become exercisable proportionately; each RSU represents a contingent right to one share.
  • Shares owned after the transaction: not specified in the excerpt of the filing.

Context
This was a conversion/exercise of RSU-related derivative rights with shares surrendered to cover tax withholding (a common, administrative cashless outcome), not an open-market purchase or sale for investment. As a 10% owner rather than a company executive, this filing reflects beneficial ownership transactions and routine tax-withholding mechanics rather than an executive trading signal.

Insider Transaction Report

Form 4
Period: 2026-03-23
Designer Brands Inc.DBI
SCHOTTENSTEIN JAY L
DirectorExecutive Chairman10% Owner
Transactions
  • Exercise/Conversion

    Class A Common Shares

    2026-03-23+196,544→ 1,646,440 total
  • Tax Payment

    Class A Common Shares

    2026-03-23$5.40/sh−58,823$317,644→ 1,587,617 total
  • Exercise/Conversion

    Dividend Equivalent Rights

    [F1]
    2026-03-23−20,486→ 60,196 total
    → Class A Common Shares (20,486 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F2]
    2026-03-23−176,058→ 0 total
    From: 2026-03-23Exp: 2026-03-23→ Class A Common Shares (176,058 underlying)
Holdings

  • Class A Common Shares

    (indirect: By Partnership)
    1,864,597

  • Class A Common Shares

    (indirect: By LLC)
    629,524

  • Class A Common Shares

    (indirect: By Trust)
    186,668

  • Class A Common Shares

    (indirect: By LLC)
    1,273,099

  • Class A Common Shares

    (indirect: By LLC)
    236,528
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.
Signature
Katherine Alfano, Attorney-in-Fact|2026-03-25

Documents

1 file
  • 4
    doc4.xmlPrimary