Turner Mary 4

4 · Designer Brands Inc. · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 25, 2026

Designer Brands (DBI) EVP Mary Turner Exercises RSUs, Sells Shares

What Happened

Mary Turner, EVP and President of Designer Brands Canada, exercised/converted derivative awards into a total of 34,394 shares on March 23, 2026. To satisfy tax withholding, 9,206 of those shares were surrendered at $5.40 per share for $49,712. Net shares delivered to Turner after withholding were about 25,188.

Key Details

Transaction date: March 23, 2026; filing date: March 25, 2026 (filed within two days).
Breakdown of activity reported:
- 17,197 shares acquired via exercise/conversion of derivative securities (code M) at $0.00 per share.
- 1,792 shares and 15,405 shares also reported as exercise/conversion of derivatives (codes M) with $0.00 reported cash amounts.
- 9,206 shares disposed to pay tax liability (code F) at $5.40 per share, totaling $49,712.
Shares owned after the transaction: not specified in the filing.
Footnotes: F1 notes dividend equivalent rights accrued on RSUs convert proportionately to shares; F2 confirms each RSU is a contingent right to one share.
Transaction codes explained: M = exercise/conversion of a derivative security; F = shares surrendered/withheld to cover tax withholding.

Context

This appears to be a routine conversion/settlement of restricted stock units and related dividend equivalents, with shares withheld to satisfy tax obligations (a common practice that does not necessarily indicate insider sentiment).
The filing shows a cashless/net settlement for tax withholding rather than an open-market sale.

Form 4

Period: 2026-03-23

EVP;Pres DesignerBrands Canada

Transactions

Exercise/Conversion
Class A Common Shares
2026-03-23+17,197→ 44,515 total
Tax Payment
Class A Common Shares
2026-03-23$5.40/sh−9,206$49,712→ 35,309 total
Exercise/Conversion
Dividend Equivalent Rights
[F1]
2026-03-23−1,792→ 4,876 total
→ Class A Common Shares (1,792 underlying)
Exercise/Conversion
Restricted Stock Unit
[F2]
2026-03-23−15,405→ 0 total
From: 2026-03-23Exp: 2026-03-23→ Class A Common Shares (15,405 underlying)

Footnotes (2)

[F1]The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.
[F2]Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Signature

Katherine Alfano, Attorney-in-Fact|2026-03-25

1 file