Conacher Lionel F. 4
Research Summary
AI-generated summary
Destination XL (DXLG) Director Lionel Conacher Receives 29,648-Share Award
What Happened
Lionel F. Conacher, a director of Destination XL Group, Inc. (DXLG), received 29,648 shares on February 2, 2026 as an award/compensation. The shares were recorded at $0.68 per share for a total reported value of $20,250. This was an issuance of shares for director compensation rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-02; reported on Form 4 filed 2026-02-04 (timely filing).
- Transaction type/code: A — Grant, award or other acquisition.
- Shares acquired: 29,648 at $0.68 per share; total value $20,250.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: F1 — Shares were issued pursuant to the director’s elected form of compensation for quarterly annual retainer, chairman fee and committee chairperson fee.
- No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or other special conditions in the filing.
Context
Director share awards are a common form of non‑cash compensation and do not necessarily indicate the director’s view of the company’s near‑term prospects. This transaction reflects routine compensation for board service rather than a buy or sell decision in the open market.