Designer Brands Inc.: director Joanne Zaiac received 1,291 shares

What happened

• The Form 4 reports that director Joanne Zaiac received a grant of 1,291 stock units (derivative securities). Price per unit $0.00; aggregate amount $0. The transaction is coded as A (award/grant).

Key details

• Transaction date: Oct 7, 2026. Filing date: Oct 9, 2026.
• Transaction code: A (award/grant); security type: derivative.
• Price per unit: $0.00; total value reported: $0.
• Shares owned after the transaction: not stated in the filing.
• Footnotes from the filing:
  • 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 the issuer's Class A common stock upon the insider's termination of service from the board of directors.
  • F4: Total includes accrued dividend equivalent rights.
• The filing does not indicate a late filing flag.

Why it may matter

• This was an award of stock units, not a market purchase or sale.
• The units are vested at grant but convert to Class A common stock only upon the insider's termination from the board, per the footnotes.
• A filing does not show why the insider traded or why the company acted.