DESTINATION XL GROUP, INC.·4

Apr 3, 12:54 PM ET

KANTER HARVEY S 4

Research Summary

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Destination XL (DXLG) CEO Harvey Kanter Exercises RSUs; Taxes Withheld

What Happened
Harvey S. Kanter, President, CEO and a director of Destination XL Group, converted time‑based restricted stock units (RSUs) into 124,210 shares of DXLG common stock on April 1, 2026. To satisfy tax withholding, 52,603 of those shares were withheld at $0.51 per share for $26,828, leaving 71,607 shares issued to him. These RSUs stem from prior long‑term incentive awards.

Key Details

  • Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
  • Actions reported: multiple RSU conversions (reported as derivative exercise/conversion, code M) totaling 124,210 shares; tax withholding (code F) of 52,603 shares at $0.51/share = $26,828.
  • Net new shares received by Kanter: 71,607 (124,210 issued − 52,603 withheld).
  • Shares owned after transaction: not disclosed in the filing.
  • Footnotes: F1 = each RSU converts to one share; F2 = withheld shares used to pay taxes; F3–F6 = RSUs relate to 2022–2025 LTIP awards with remaining vesting dates through 2029.

Context
This transaction reflects RSU vesting/settlement (not an open‑market buy or sell). Withholding shares to cover taxes is a routine settlement method and does not itself indicate the insider’s market view. The filing documents time‑based LTIP awards and scheduled vesting rather than an opportunistic purchase or sale.