Zaiac Joanne 4

What Happened
Joanne Zaiac, a Director of Designer Brands, was granted 928 stock units (reported as a derivative award) on April 10, 2026. The units were issued at $0.00 per unit (total reported value $0) — this is an award, not a purchase or sale. According to the filing, the units include accrued dividend-equivalent rights and will convert to an equal number of Class A common shares upon her termination of board service.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (timely filing).
• Transaction type: Award/Grant (Code A). Amount: 928 stock units; reported price $0.00; total $0 (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each stock unit = contingent right to 1 Class A share.
  • F2: Units include dividend-equivalent rights accrued on prior awards.
  • F3: Units vest at grant but convert to shares only upon the director’s termination of service.
  • F4: Total count includes accrued dividend equivalents.
• No 10b5-1 plan, tax-withholding, or sale information was reported for this transaction.

Context: Director stock-unit grants are common board compensation and do not represent an open-market purchase or sale. Because conversion to actual shares is contingent on departure from the board (per the filing), these units do not increase her current voting stock or generate immediate market activity.