TANENBAUM ALLAN J 4

What Happened Allan J. Tanenbaum, a Director of Designer Brands, was granted 26,527 stock units on 2026-06-17 as an award (derivative grant) at an acquisition price of $0.00. The filing lists the units as having no immediate cash value; each unit represents a contingent right to receive one share of the issuer's Class A common stock. The reported award includes accrued dividend equivalent rights.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed 5 days after the transaction; Form 4s are generally due within 2 business days).
• Type: Grant/Award (derivative stock units), Code A. Price: $0.00. Quantity: 26,527 stock units.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each stock unit equals a contingent right to one Class A share; F2 — units vest on grant but convert to shares only upon the director’s termination of board service; F3 — total includes accrued dividend equivalent rights.
• No indication this was a market purchase or sale; this is compensation-related.

Context This was a compensation award of contingent stock units rather than an open-market purchase or sale. Because conversion to actual shares is contingent on Tanenbaum’s termination of board service, the grant does not immediately increase his tradable shareholding. Compensation grants are common and don’t by themselves signal insider buying or selling intent.