Ferree Deborah L 4

What Happened

• Deborah L. Ferree, Vice Chair, Chief Product Officer and Director of Designer Brands, was granted 236,485 restricted stock units (RSUs) on April 2, 2026. The Form 4 reports the award as an acquisition (code A) at an acquisition price of $0.00; the RSUs are derivatives that represent a contingent right to receive shares, not immediate tradable stock.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (filed within the two-business-day window).
• Grant: 236,485 RSUs; acquisition price reported $0.00 (typical for awards).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Each restricted stock unit represents a contingent right to receive one share of the issuer’s Class A common stock.
• Transaction code: A = Award/Grant (derivative securities).

Context

• RSUs are contingent awards that generally convert to actual shares only after vesting conditions are met; they are not an open-market purchase and typically cannot be sold until vested and issued.
• This filing documents a compensation/award grant rather than a sale or market purchase, so it reflects company compensation practices more than an insider’s market timing.