Douglas M. Howe - May 30, 2023 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role
CEO, Director
Signature
Michelle Krall, Attorney-in-Fact
Stock symbol
DBI
Transactions as of
May 30, 2023
Transactions value $
-$284,719
Form type
4
Date filed
6/1/2023, 10:20 AM
Previous filing
Apr 18, 2023
Next filing
Jul 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBI Class A Common Shares Options Exercise $0 +138K $0.00 138K May 30, 2023 Direct
transaction DBI Class A Common Shares Tax liability -$285K -42.9K -31.19% $6.63 94.7K May 30, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DBI Dividend Equivalent Rights Options Exercise $0 -2.46K -23.35% $0.00 8.08K May 30, 2023 Class A Common Shares 2.46K Direct F1
transaction DBI Restricted Stock Unit Options Exercise $0 -135K -33.33% $0.00 270K May 30, 2023 Class A Common Shares 135K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.
F3 Restricted stock unit vests one-third per year beginning on the first anniversary of the date of grant.