Ferree Deborah L 4

What Happened
Deborah L. Ferree — Vice Chair, Chief Product Officer and Director of Designer Brands, Inc. (DBI) — received two grants of restricted stock units (RSUs) on March 11, 2026. The grants are reported as derivative awards (transaction code A): 35,043 RSUs and 93,829 RSUs, for a total of 128,872 RSUs. Each unit was granted at $0.00 (no cash paid at grant); these awards represent contingent rights to receive Class A common shares if and when they vest.

Key Details

• Transaction date: 2026-03-11 (reported on Form 4 filed 2026-03-13). Filing was submitted two business days after the transaction, within the common 2-business-day Form 4 window.
• Grants: 35,043 RSUs and 93,829 RSUs (total 128,872 RSUs); reported price $0.00 (award/grant).
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 — "Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock."
• No sale, purchase (cash outlay), option exercise, 10b5-1 trading plan, or tax-withholding sale is reported in this filing.

Context
RSU grants are compensation awards and do not immediately transfer shares — the units convert into actual shares only upon satisfying vesting/settlement conditions. Because these are awards rather than open-market purchases or sales, they are generally considered part of executive compensation rather than a direct market-timing signal. The economic value to the insider will depend on DBI’s share price at vesting and any applicable vesting schedule or tax withholdings not detailed in this Form 4.