Gaeta Anthony 4

What Happened

• Anthony Gaeta, Chief Stores & Real Estate Officer at Destination XL Group (DXLG), converted/vested a total of 23,016 restricted stock units (RSUs) on April 1, 2026. Per the filing, 9,639 of those shares were withheld to cover tax withholding at $0.51 per share (total withheld value $4,916), leaving a net issuance of 13,377 shares to Gaeta.
• The reported transactions are recorded as derivative conversions/exercises (code M) for the RSUs and a tax withholding (code F). The RSUs come from long‑term incentive awards granted in 2022–2025 (see footnotes F3–F6).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
• Total RSUs converted: 23,016 shares (2,832 + 3,238 + 4,929 + 12,017).
• Shares withheld for taxes: 9,639 @ $0.51 each = $4,916 (footnote F2 indicates withholding to satisfy tax liability).
• Net shares issued to Gaeta: 13,377 shares (23,016 − 9,639).
• Post‑transaction total holdings: not specified in this filing.
• Footnotes: F1 defines RSUs as contingent rights to one share each; F3–F6 identify the grant cycles (2022–2025) and future vesting schedules for remaining awards.

Context

• This was a conversion/vesting of RSUs, not an open‑market purchase or sale. The withholding of shares to pay taxes is a routine cashless mechanism and does not necessarily indicate a change in insider sentiment.
• For retail investors, RSU vesting is common compensation; the key informational items here are the size of the award converted and the shares withheld for taxes.