Form 4: Designer Brands Executive Mary Turner Acquires Dividend Equivalent Rights

Mary Turner, EVP and President of Designer Brands Canada, acquired 2,503 dividend equivalent rights, increasing her beneficial ownership to 5,585 of such rights.

Summary

• Mary Turner, Executive Vice President and President of Designer Brands Canada, is the reporting person.
• The issuer is Designer Brands Inc. (DBI).
• On June 18, 2025, Ms. Turner acquired 2,503 Dividend Equivalent Rights.
• These rights accrued on previously awarded restricted stock units (RSUs).
• Each dividend equivalent right is the economic equivalent of one share of Designer Brands Inc.'s Class A common stock.
• Following this transaction, Ms. Turner beneficially owns a total of 5,585 Dividend Equivalent Rights.
• The rights become exercisable proportionately with the RSUs to which they relate.

Sentiment

Score: 7

Explanation: The filing indicates a routine accrual of dividend equivalent rights as part of executive compensation, which is a neutral to slightly positive event for the executive and aligns their interests with shareholders.

Positives

• Mary Turner acquired 2,503 Dividend Equivalent Rights, indicating continued accrual of benefits tied to her equity compensation.
• The rights are equivalent to Class A common shares, aligning executive interests with shareholder value.

Future Outlook

NA

Industry Context

This Form 4 filing details an individual executive's equity compensation accrual and does not provide broader industry context or trends.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The accrual of dividend equivalent rights aligns the executive's financial interests with the company's performance and shareholder returns.

Next Steps

• The dividend equivalent rights will become exercisable proportionately with the underlying restricted stock units (RSUs) to which they relate.

Key Dates

Keywords

Designer Brands Inc., DBI, SEC Form 4, insider transaction, dividend equivalent rights, restricted stock units, executive compensation, Mary Turner