Cobb Peter 4

What Happened

• Peter Cobb, a member of Designer Brands' Board of Directors, received an award of 26,527 stock units on 2026-06-17. The grant is recorded at $0 (no cash purchase). These stock units are derivative awards that represent a contingent right to receive one share of the Issuer's Class A common stock per unit.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (file appears to be late—filed after the 2-business-day reporting window).
• Award: 26,527 stock units; reported acquisition price $0; total cash value shown as $0 on the Form 4.
• Shares owned after transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: Each stock unit equals a contingent right to one Class A common share.
  • F2: Units vested on grant and will convert to shares upon the insider's termination of Board service.
  • F3: Total includes accrued dividend equivalent rights.
• Transaction type: Award/Grant (derivative), code A on Form 4.

Context

• This is a compensation-related grant, not an open-market purchase or sale. The units are vested immediately but will only convert to actual shares when Cobb leaves the Board, so there is no immediate transfer of marketable stock.
• Such awards are common for directors and reflect equity compensation; they are informational rather than a direct bullish or bearish market signal.