DESTINATION XL (DXLG) EVP James Olsson Receives RSU Award

What Happened James E. Olsson, EVP and Chief Growth Officer of Destination XL Group, received a total of 471,785 restricted stock units (RSUs) in awards reported on 2026-09-06. The grants were reported as derivative awards at $0.00 per unit (no immediate cash outlay): 21,474 RSUs (F1), 74,936 RSUs (F2), and 375,375 RSUs (F3). Each RSU represents a contingent right to receive one share of DXLG common stock upon vesting (F4). These were awards/grants (code A), not open‑market purchases or sales.

Key Details

• Transaction date(s): 2026-09-06 (reported on Form 4 filed 2026-09-09).
• Price: $0.00 per RSU; total reported value = $0 (derivative awards).
• Grant breakdown and vesting:
  • 21,474 RSUs (F1): time‑based portion of 2024–2026 LTIP; vest in two equal installments on 2027‑09‑06 and 2028‑04‑01.
  • 74,936 RSUs (F2): time‑based portion of 2025–2027 LTIP; vest in three equal installments on 2027‑09‑06, 2028‑04‑01 and 2029‑04‑01.
  • 375,375 RSUs (F3): stock award dated 2026‑09‑06; vest in three equal installments on 2027‑09‑06, 2028‑09‑06 and 2029‑09‑06.
• Each RSU converts to one share upon vesting (F4).
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: Form 4 filed 2026‑09‑09 for transactions on 2026‑09‑06 (appears timely under Form 4 rules).

Context RSU grants are compensation/retention awards and do not require immediate cash payment; they vest over time and only become actual shares when vesting conditions are met. Such awards are routine for executives and do not necessarily indicate immediate bullish or bearish insider market action. Retail investors should note these are derivative grants (contingent rights to future shares) rather than open‑market purchases.