Jones Stacey 4

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.