EISENMAN ELAINE J 4

What Happened Elaine J. Eisenman, a member of the Board of Directors of Designer Brands, was granted 26,527 stock units on June 17, 2026. The grant is reported as a derivative award (Form 4 code A) with a $0.00 per-unit price — i.e., no cash was paid for the units. These stock units represent contingent rights to receive shares of the Issuer’s Class A common stock and include accrued dividend equivalent rights.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed five days after the transaction; exceeds the typical 2-business-day reporting window).
• Award type/code: Grant/Award (derivative stock units), 26,527 units at $0.00 per unit.
• Shares owned after transaction: Not specified in the provided Form 4 data.
• Relevant footnotes from the filing:
  • F1: Each stock unit is a contingent right to receive one Class A share.
  • F2: Units vest on the grant date but convert to shares only upon the insider’s termination of Board service.
  • F3: Total includes accrued dividend equivalent rights.

Context This was a compensation award to a director, not an open-market purchase or sale. The units vest immediately but are structured to convert into actual shares only when Eisenman leaves the Board, so they do not represent immediately tradable shares. As with most grants, this reflects company compensation practices rather than a direct signal of the director’s current buying or selling intent.