Jones Stacey 4
4 · DESTINATION XL GROUP, INC. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
DXLG CHRO Stacey Jones Receives 20,566 Shares via RSU Vesting
What Happened
Stacey Jones, Chief Human Resources Officer of Destination XL Group, converted a total of 20,566 restricted stock units (RSUs) into common shares on April 1, 2026. Of those, 6,656 shares were withheld to cover tax withholding at $0.51 per share (total $3,395), leaving a net issuance of 13,910 shares to Ms. Jones. The filing shows the RSU conversions (reported under derivative exercise/conversion code "M") and the tax-withholding disposition (code "F").
Key Details
- Transaction date: April 1, 2026 (Form 4 filed April 3, 2026).
- RSU conversions reported: 2,649; 3,030; 4,314; and 10,573 shares (total 20,566).
- Tax withholding: 6,656 shares withheld at $0.51/share, withholding value $3,395.
- Net shares delivered to insider: 13,910 (20,566 issued minus 6,656 withheld).
- Shares owned after transaction: not specified in the provided filing details.
- Relevant footnotes:
- F1: Each RSU converts to one share of DXLG common stock.
- F2: The 6,656-share disposition represents shares withheld to pay required taxes.
- F3–F6: The RSUs come from multiple long‑term incentive awards (2022–2025/2026/2027 cycles); some remaining RSUs from later awards vest on future dates (notably April 1, 2027; April 1, 2028; and April 1, 2029).
- Filing timeliness: No late filing indicated (transaction date Apr 1, Form filed Apr 3).
Context
- These transactions are conversions/vestings of RSUs (not open-market purchases or discretionary sales). The withholding of shares to cover taxes is a routine administrative step and is reported as a disposition (code F).
- Because this is an award/vesting event (not a cash purchase), it should be read as compensation being settled in stock rather than a market signal of buying or selling by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $0.01 par value
[F1]2026-04-01+2,649→ 161,010 total - Exercise/Conversion
Common Stock, $0.01 par value
[F1]2026-04-01+3,030→ 164,040 total - Exercise/Conversion
Common Stock, $0.01 par value
[F1]2026-04-01+4,314→ 168,354 total - Exercise/Conversion
Common Stock, $0.01 par value
[F1]2026-04-01+10,573→ 178,927 total - Tax Payment
Common Stock, $0.01 par value
[F2]2026-04-01$0.51/sh−6,656$3,395→ 172,271 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-04-01−2,649→ 0 total→ Common Stock (2,649 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-01−3,030→ 3,029 total→ Common Stock (3,030 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-04-01−4,314→ 8,626 total→ Common Stock (4,314 underlying) - Exercise/Conversion
Restricted Stock Units
[F6]2026-04-01−10,573→ 31,718 total→ Common Stock (10,573 underlying)
Footnotes (6)
- [F1]Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.
- [F2]Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes.
- [F3]Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022.
- [F4]Represents RSUs for the time-based portion of the 2023-2025 Long-Term Inventive Plan awared to the Reporting Person on May 1, 2023. The remaining RSUs vest and become exercisable on April 1, 2027.
- [F5]Represents RSUs for the time-based portion of the 2024-2026 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2024. The remaining RSUs vest and become exercisable on April 1, 2027 and April 1, 2028.
- [F6]Represents RSUs for the time-based portion of the 2025-2027 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2025. The remaining RSUs vest and become exercisable on April 1, 2027, April 1, 2028 and April 1, 2029.