Toal Sheamus 4

What Happened

• Toal Sheamus, EVP & Chief Financial Officer of Designer Brands (DBI), received an award of 945 derivative units on 2026-07-08. The units were reported as acquired at $0.00 (total reported value $0) and are described as dividend equivalent rights tied to previously awarded RSUs.
• This transaction is an award (code A) — not a buy or a sale — and reflects compensation-style issuance rather than an open-market investment.

Key Details

• Transaction date: 2026-07-08; Form 4 filed: 2026-07-10 (appears timely).
• Instrument: 945 dividend-equivalent rights (derivative), reported at $0.00 per unit.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: The dividend equivalent rights accrued on previously awarded RSUs and become exercisable proportionately with the RSUs; each dividend equivalent right is the economic equivalent of one share of Class A common stock (per F1).
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or sale noted in the provided data.

Context

• Dividend-equivalent rights typically accrue as additional units tied to RSUs and convert to shares if/when the underlying RSUs vest; this is routine compensation and does not necessarily signal the insider’s view of the company’s stock.
• For retail investors, outright purchases or sales are often more informative about insider sentiment than standard equity compensation grants.