Haley Mark 4

What Happened
Haley Mark, SVP, Controller & Principal Accounting Officer of Designer Brands (DBI), was granted 943 derivative shares on April 10, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share — these represent dividend-equivalent rights tied to previously awarded restricted stock units (RSUs), not an open-market purchase.

Key Details

• Transaction date: 2026-04-10; filing date: 2026-04-14 (filed on time under the two-business-day Form 4 rule).
• Reported amount: 943 shares acquired at $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Dividend-equivalent rights accrued on previously awarded RSUs and become exercisable proportionately with those RSUs; each dividend equivalent equals one share of Class A common stock (per footnote F1).
• Transaction code: A = Award/Grant (derivative instrument tied to RSUs).

Context
This was an award of dividend-equivalent rights tied to existing RSUs (a compensation/benefit event), which differs from a cash purchase or sale. Such grants are typically part of executive compensation and do not necessarily signal an immediate change in insider sentiment; they become exercisable in line with the underlying RSUs.