Designer Brands Inc.: director Lau Joanna T received 1,343 shares

What happened

• Lau Joanna T, director, received 1,343 stock units as an award (transaction code A) at $0.00 on Oct 7, 2026. The filing lists the transaction as a derivative award with a total value of $0.

Key details

• Transaction date and price: Oct 7, 2026; 1,343 units @ $0.00 (derivative).
• Filing date: Oct 9, 2026.
• Shares owned after the transaction: not disclosed in the filing.
• Relevant footnotes from the filing:
  • Each stock unit represents a contingent right to receive one share of the issuer's Class A common stock.
  • Shares represent dividend equivalent rights accrued on previously awarded stock units.
  • 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 the insider's termination of service from the board of directors.
  • Total includes stock units acquired pursuant to a special dividend and accrued dividend equivalent rights.
• Transaction code: A (award/grant).

Why it may matter

• This was an award of stock units (a derivative grant) rather than an open-market purchase or sale; the units vest on grant and convert to shares upon the insider's termination of board service.
• A filing does not show why the insider traded or why the company acted.