Paul Richard A. 4

What Happened Richard A. Paul, a Director of Designer Brands, received an award/grant of 26,527 shares on June 17, 2026. The Form 4 reports this acquisition as transaction code "A" with an acquisition price of $0.00, so no cash was paid in this reported transaction. The Form 4 was filed on June 22, 2026.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed 5 days after the transaction)
• Transaction type/code: Award/Grant (A)
• Shares acquired: 26,527; Price per share: $0.00; Reported cash outlay: $0
• Shares owned after transaction: Not specified in the provided filing
• No footnotes, 10b5-1 plan, vesting schedule, or tax-withholding details disclosed in the provided report
• Timeliness: Filing appears late relative to the usual 2-business-day Form 4 deadline — late reporting can reduce timeliness of disclosure and may attract regulatory attention

Context Grants like this are typically part of executive/director compensation (e.g., restricted stock or performance shares) rather than an open-market purchase, and they often vest over time or carry restrictions. Because the filing does not specify vesting or restrictions, the award should not be interpreted as an immediate market purchase or sale.