SCHOTTENSTEIN JAY L 4

What Happened
Jay L. Schottenstein, a reported 10% owner of Designer Brands, was granted/acquired 8,916 derivative shares on April 10, 2026. The shares were reported at $0.00 per share (no cash paid) — these are dividend-equivalent rights related to previously awarded restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: April 10, 2026; Form 4 filed April 14, 2026.
• Transaction type/code: A — Grant/award/acquisition of derivative securities. Price reported: $0.00.
• Shares involved: 8,916 derivative shares (dividend equivalent rights). Total cash consideration: $0.
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.
• Footnote: Dividend equivalent rights accrued on previously awarded RSUs and become exercisable proportionately with those RSUs; each dividend equivalent right is the economic equivalent of one share of the issuer's Class A common stock.
• Timeliness: Filing date shown as April 14 for an April 10 transaction; Form 4s are typically due within 2 business days — check the full filing for any lateness designation.

Context
This was an award of derivative securities tied to RSUs (dividend equivalents), not a market purchase or sale. As a 10% owner, Schottenstein is a major shareholder; such awards are typically part of compensation or previously granted equity plans and do not by themselves indicate a buy or sell signal.