EISENMAN ELAINE J 4

What Happened
Elaine J. Eisenman, a director of Designer Brands, was granted 1,918 stock units on April 10, 2026. The award is recorded as a derivative grant at $0.00 per unit (no cash paid). The filing shows these are stock units that represent contingent rights to receive one share of the issuer's Class A common stock in the future.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within the typical two-business-day window following the transaction).
• Transaction type/code: A (Grant/Award — derivative stock units). Price reported: $0.00; total reported value: $0.
• Shares/units granted: 1,918 stock units.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Each stock unit is a contingent right to one Class A share.
  • F2: Units include accrued dividend-equivalent rights.
  • F3: Units are vested on grant date but convert to shares only upon the insider’s termination of board service.
  • F4: Total includes accrued dividend equivalents.
• No sale or purchase of underlying shares occurred; this is an award/grant, not a market purchase or sale.

Context
This is a non-cash, derivative grant to a director. Such awards are commonly used for compensation and retention; they do not represent an immediate purchase or sale of shares and only convert to actual Class A shares upon the specified conversion event (insider’s termination of board service). Because no cash was paid and no shares were sold, this transaction should be viewed as a compensation grant rather than a direct market signal of buying or selling.