MESDAG WILLEM 4
4 · DESTINATION XL GROUP, INC. · Filed Aug 7, 2024
Insider Transaction Report
Form 4
MESDAG WILLEM
Director10% Owner
Transactions
- Award
Deferred Stock Units
2024-08-04+10,756→ 466,225 totalExercise: $3.37→ Common Stock (10,756 underlying)
Holdings
- 2,593,758
Common Stock, $0.01 par value
Footnotes (5)
- [F1]The Reporting Person's ownership includes (i) 420,286 shares held by the Mesdag Family Limited Partnership, (ii) 97,529 shares held by the Mesdag Family Foundation, (iii) 44,746 shares held by the 2012 Mesdag Trust, (iv) 1,763,373 shares held by Red Mountain Capital Partners LLC, and (v) 267,824 shares held by Red Mountain Capital Management Inc. The Reporting Person is the president, sole executive officer, sole director and sole shareholder of Red Mountain Capital Management Inc. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The filing system would not permit the filer to report his ownership as indirect.
- [F2]Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee.
- [F3]The per share value is determined by the closing price of the Company's common stock on August 2, 2024.
- [F4]Each DSU is credited to the Reporting Person under the Company's Director Plan (the "Director Plan"). Each DSU represents ownership equivalent to one share of the Company's common stock.
- [F5]The DSUs credited under the Director Plan are payable in the form elected or provided under the Director Plan on the earlier of (i) the Reporting Person's date of separation of service, or (ii) upon death, disability or change in control as defined under the Director Plan.