Form 4: Designer Brands Inc. Executive Sells Shares on the Open Market
SEC Form 4
Mark Haley, SVP, Controller and PAO of Designer Brands Inc., disposed of 25,787 Class A Common Shares at an average price of $6.035 on October 11, 2024.
Summary
- On October 11, 2024, Mark Haley, the SVP, Controller and PAO of Designer Brands Inc., sold 25,787 Class A Common Shares.
- The shares were sold at a weighted average price of $6.035.
- The price range for the shares sold was between $5.985 and $6.12.
- Following the transaction, the reporting person beneficially owns 0.0000 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing for an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of transaction: Mark Haley sold 25,787 Class A Common Shares. |
| 10/14/2024 | Date of signature: Lisa Yerrace, Attorney-in-Fact, signed the report. |
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