Cobb Peter 4

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.