Designer Brands Inc – (DBI, +N, Sep 21st)
Jay Schottenstein (Executive Chairman since 2005; CEO from 2005-2009) purchased $19.1 million worth of stock on September 20th at $12.82. The 1.5 million share purchase brings his total indirect combined holdings of A and B shares to an estimated 21.5 million shares, roughly 53% of the company, and is his largest in the shares. It follows a $12.6 million purchase in March at $13.99.
Schottenstein is also the CEO of American Eagle (AEO) and a director at Albertsons (ACI), yet has not been active in those stocks recently. Given his long tenure and existing ownership, it is interesting to see him add aggressively to his holdings.
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