Form 4: Joseph A. Schottenstein Reports Changes in Beneficial Ownership of Designer Brands Inc.
SEC Form 4 Filing
Joseph A. Schottenstein, a director of Designer Brands Inc., reports changes in beneficial ownership of Class A Common Shares following a transaction on June 20, 2024.
Summary
- On June 20, 2024, Joseph A. Schottenstein acquired 22,981 Class A Common Shares of Designer Brands Inc. at a price of $0.00 per share.
- Following the transaction, Mr. Schottenstein directly owns 178,428 Class A Common Shares.
- He also indirectly owns 31,050 Class A Common Shares through trusts and 1,273,099 Class A Common Shares through Schottenstein Realty LLC.
- Mr. Schottenstein disclaims beneficial ownership of shares held by trusts and Schottenstein Realty LLC except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a change in ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings of key individuals.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: Acquisition of Class A Common Shares |
| 06/24/2024 | Date of report filing |
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