Ferree Deborah L 4

What Happened
Deborah L. Ferree — Vice Chair, Chief Product Officer and director of Designer Brands (DBI) — converted/ exercised derivative awards (reported as code M) on March 23, 2026, resulting in an acquisition of 183,441 shares. To cover tax withholding (code F), 81,815 shares were disposed at $5.40 per share for total proceeds/withholding of $441,801. The filing also shows two additional derivative conversion/disposition line items (19,121 shares and 164,320 shares) reported with $0 cash consideration on the same date; footnotes tie these entries to restricted stock units (RSUs) and related dividend-equivalent rights.

Key Details

• Transaction date: 2026-03-23; filing date: 2026-03-25 (filed within the typical 2‑business‑day window).
• Reported activity: Exercise/conversion of derivatives (M) — 183,441 shares acquired @ $0.00; tax/withholding disposition (F) — 81,815 shares sold @ $5.40 for $441,801; two other derivative dispositions reported at $0.00 for 19,121 and 164,320 shares.
• Footnotes: F1 — dividend equivalent rights on RSUs become exercisable proportionately and are economically equivalent to one share; F2 — each RSU represents a contingent right to one share.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Reported promptly (filed Mar 25 for Mar 23 transactions).

Context

• These entries reflect conversion/settlement of RSU-related derivative awards and a common tax-withholding sell-to-cover (not a voluntary market sell). The 81,815-share disposition generated $441,801 to satisfy tax obligations. The $0.00 entries likely represent non-cash award conversions/cancellations tied to RSUs and dividend equivalents (per footnotes), not additional market sales.