Toal Sheamus 4

What Happened
Toal Sheamus, EVP & CFO of Designer Brands (DBI), was granted 784 derivative units on April 10, 2026. The transaction is reported as an award/acquisition (code A) at a $0.00 price (no cash exchanged) and is reflected as a derivative security in the filing. This award represents dividend-equivalent rights that are tied to previously awarded restricted stock units (RSUs).

Key Details

• Transaction date: 2026-04-10; Filing date: 2026-04-14 (filed within the required reporting window).
• Security: 784 dividend-equivalent rights (derivative), reported at $0.00 per unit.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 — The 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.
• Transaction code: A (award/grant); no sale or purchase of market shares occurred.

Context
Dividend-equivalent rights are a non-cash compensation mechanism that track dividends on RSUs and generally vest/exercise in line with the underlying RSUs; they do not by themselves indicate a purchase or sale of company stock. This filing reports a routine equity award as part of executive compensation, not an open-market trade.