Designer Brands (DBI) Director Joseph Schottenstein Receives Award

What Happened

• Joseph A. Schottenstein, a director of Designer Brands, was granted 2,972 shares (transaction code A) on 2026-05-01. The filing reports an acquisition price of $0.00 per share (total reported value $0), indicating this was a grant/award rather than a cash purchase.

Key Details

• Transaction date: 2026-05-01; Form 4 filed: 2026-05-04 (timely filing).
• Shares acquired: 2,972; Price per share reported: $0.00; total reported value: $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Mr. Schottenstein disclaims beneficial ownership of these shares except to the extent of his pecuniary interest (per footnote F1).
• Transaction type: Award/Grant (SEC code A) — not a market purchase or sale.

Context

• Awards/grants are typically compensation-related and do not necessarily signal a purchase-based bullish view; they differ from open-market buys or option exercises. The footnote indicates Mr. Schottenstein does not claim beneficial ownership beyond any pecuniary interest, which often reflects holdings held by trusts or affiliated entities rather than personal ownership.