Cobb Peter 4
4 · Designer Brands Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Designer Brands (DBI) Director Peter Cobb Receives Award
What Happened
- Peter Cobb, a Director of Designer Brands, was granted 1,967 stock units on 2026-07-08. The units were recorded at $0.00 per unit (derivative award), so there was no cash purchase or sale. This is a compensation award rather than an open-market transaction.
Key Details
- Transaction date: 2026-07-08 (Report filed 2026-07-10; filing appears timely)
- Instrument: 1,967 stock units (derivative), $0.00 per unit; total reported value $0
- Shares owned after transaction: not specified in the provided filing excerpt
- Footnotes: each stock unit represents a contingent right to one Class A common share; amounts include accrued dividend-equivalent rights; units vest on grant and will convert to shares upon the insider’s termination of Board service
- Transaction code: A (award/grant); no 10b5-1 plan or tax-withholding details disclosed
Context
- These stock units are a form of deferred/contingent compensation. They do not represent an immediate cash investment or sale and only convert to actual shares upon the conditions described (conversion on termination of Board service). Such awards are routine for board members and should be viewed as compensation, not a direct market signal like an open-market purchase.
Insider Transaction Report
Form 4
Cobb Peter
Director
Transactions
- Award
Stock Unit
[F1][F2][F3][F4]2026-07-08+1,967→ 220,307 total→ Class A Common Shares (1,967 underlying)
Footnotes (4)
- [F1]Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F2]Shares represent dividend equivalent rights accrued on previously awarded stock units.
- [F3]The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.
- [F4]Total includes accrued dividend equivalent rights.
Signature
Katherine Alfano, Attorney-in-Fact|2026-07-10