Paul Richard A. 4

What Happened

• Paul Richard, a director of Designer Brands, reported receiving an award of 239 shares on July 8, 2026. The reported acquisition price was $0.00, indicating a grant/award rather than a market purchase; total cash paid was $0.

Key Details

• Transaction date: 2026-07-08; Form 4 filed: 2026-07-10 (filed two days after the transaction, consistent with typical Form 4 timing).
• Transaction type/code: Award/Grant (code A).
• Shares involved: 239 shares; acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes: None provided in the supplied transaction data (no 10b5-1, tax withholding, or cashless exercise indicated).

Context

• This was an equity award (likely part of director compensation), which is routine for board members and does not represent an open-market buy or sell. Awards can vest over time and therefore do not necessarily signal immediate insider conviction or disposition.
• For retail investors, purchases or sales tend to be more directly informative about insider sentiment; grant disclosures primarily reflect compensation policies and governance practices.