Ferree Deborah L 4

What Happened
Deborah L. Ferree, Vice Chair, Chief Product Officer and Director of Designer Brands (DBI), was granted 5,119 derivative units described as dividend-equivalent rights on April 10, 2026. The filing shows an acquisition at $0.00 (code A — award/grant), meaning this was a compensation-related award rather than a market purchase; no cash changed hands.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (timely filing within the SEC’s two-business-day window).
• Transaction type/code: A — Award/Grant of derivative securities.
• Amount: 5,119 dividend-equivalent rights; per-line price reported $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The dividend equivalent rights accrued on previously awarded RSUs and become exercisable proportionately with those RSUs; each right is the economic equivalent of one share of the issuer’s Class A common stock.

Context
This is a compensation-related grant (derivative award tied to RSUs), commonly part of executive/director pay programs; it is not a market purchase or sale and does not by itself signal buying or selling intent. Dividend-equivalent rights typically convert into shares or cash in line with the underlying RSU vesting schedule.