Form 4: Designer Brands Inc. Executive Chairman Jay L. Schottenstein Reports Transactions

Jay L. Schottenstein, Executive Chairman of Designer Brands Inc., reports transactions involving Class A Common Shares and derivative securities.

Summary

• On March 24, 2025, Jay L. Schottenstein reported transactions related to Designer Brands Inc. (DBI).
• These transactions involved Class A Common Shares and derivative securities, specifically dividend equivalent rights and restricted stock units (RSUs).
• Schottenstein acquired 179,514 Class A Common Shares at a price of $0.0000.
• Following the reported transactions, Schottenstein directly owns 1,418,030 Class A Common Shares.
• Schottenstein also indirectly owns shares through various entities: 1,864,597 through Jubilee Limited Partnership, 629,524 through Schottenstein RVI, LLC, 186,668 through Trusts, 1,273,099 through Schottenstein Realty LLC, and 236,528 through Schottenstein SEI, LLC.
• Additionally, 10,298 dividend equivalent rights were transacted, with Schottenstein holding 14,723 after the transaction.
• 169,216 Restricted Stock Units were transacted.
• The dividend equivalent rights accrue on previously awarded RSUs and become exercisable proportionately with the RSUs to which they relate, each being the economic equivalent of one share of DBI's Class A common stock.
• Each RSU represents a contingent right to receive one share of DBI's Class A common stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions by an insider and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the Executive Chairman, trade in their company's stock. It provides transparency to the market regarding the transactions of company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It can influence investor sentiment depending on the nature and volume of the transactions.

Key Dates

Keywords

Designer Brands Inc., DBI, Schottenstein, Insider Trading, Form 4, Executive Chairman, Class A Common Shares, Dividend Equivalent Rights, Restricted Stock Units, RSU