Form 4: Designer Brands Inc. Director Harvey L. Sonnenberg Sells 9,000 Shares

Director Harvey L. Sonnenberg sold 9,000 shares of Designer Brands Inc. (DBI) Class A Common Shares on April 11, 2024, at an average price of $8.652 per share.

Summary

• On April 11, 2024, Harvey L. Sonnenberg, a director of Designer Brands Inc. (DBI), sold 9,000 shares of Class A Common Shares.
• The sale was executed at a weighted average price of $8.652 per share, with prices ranging from $8.65 to $8.665.
• Following the transaction, Sonnenberg directly owns 2,199 shares of DBI.
• Katherine Alfano, acting as Attorney-in-Fact, signed the report on April 12, 2024, under a Substitute Power of Attorney.
• Robert J. Tannous executed a Substitute Power of Attorney on April 9, 2024, appointing Lisa Yerrace and Katherine Alfano as substitute attorneys-in-fact.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Industry Context

Sales of shares by company directors are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a director may influence investor sentiment, potentially affecting the stock price.

Key Dates