Designer Brands (DBI) EVP Laura Davis Converts RSUs; Withholds Shares

What Happened

• Laura Davis, EVP and President of DSW Designer Shoe Warehouse at Designer Brands (DBI), converted restricted stock units and associated dividend equivalent rights into shares on 2026-08-01. The filing shows 114,501 shares acquired in the conversion.
• To satisfy tax withholding, 34,547 shares were surrendered/withheld at an indicated value of $6.04 per share, totaling $208,664. The Form 4 also reports two M-coded derivative settlement entries of 12,566 and 101,935 shares listed as dispositions at $0.00 (these entries relate to the RSU/dividend-equivalent settlement accounting).

Key Details

• Transaction date: 2026-08-01; Form 4 filed 2026-08-04.
• Prices reported: conversion entries at $0.00; tax-withholding shares at $6.04 each (34,547 shares; $208,664).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 explains dividend equivalent rights accrue and convert proportionately with RSUs; F2 confirms each RSU represents a contingent right to one Class A share.
• No 10b5-1 plan or late-filing flag noted in the provided information.

Context

• This was a settlement of RSUs and related dividend equivalents (an award conversion), not an open-market purchase or a deliberate sale for investment signaling. The tax liability was satisfied by withholding/surrender of shares (a common, routine practice on RSU vesting).