Destination XL Group (DXLG) director granted 58,373 DSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MESDAG WILLEM reported acquisition or exercise transactions in this Form 4 filing.
DESTINATION XL GROUP, INC. director and ten percent owner Willem Mesdag reported an award of 58,373 Deferred Stock Units (DSUs) as part of his elected quarterly retainer and committee chair compensation. Each DSU represents ownership equivalent to one share of the company’s common stock under the Director Plan.
The filing shows Mesdag with 2,593,758 shares of common stock held through various entities associated with him and 700,804 DSUs after this award. These holdings include interests in partnerships, a foundation, a trust, and Red Mountain entities. He disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MESDAG WILLEM
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 58,373 | $0.00 | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 700,804 shares (Direct);
Common Stock, $0.01 par value — 2,593,758 shares (Direct)
Footnotes (1)
- The Reporting Person's ownership includes (i) 420,286 shares held by the Mesdag Family Limited Partnership, (ii) 97,529 shares held by the Mesdag Family Foundation, (iii), 44,746 shares held by the 2012 Mesdag Trust, (iv) 1,763,373 shares held by Red Mountain Capital Partners LLC, and (v) 267,824 shares held by Red Mountain Capital Management, Inc. The Reporting Person is the president, sole executive officer, sole director and sole shareholder of Red Mountain Capital Management, Inc. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The filing system would not permit the filer to report his ownership as indirect. Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee. The per share value is determined by the closing price of the Company's common stock on May 1, 2026. Each DSU is credited to the Reporting Person under the Company's Director Plan (the "Director Plan"). Each DSU represents ownership equivalent to one share of the Company's common stock. The DSUs credited under the Director Plan are payable in the form elected or provided under the Director Plan on the earlier of (i) the Reporting Person's date of separation of service, or (ii) upon death, disability or change in control as defined in the Director Plan.
Key Figures
Deferred Stock Units granted: 58,373 units
Deferred Stock Units outstanding: 700,804 units
Common stock holdings: 2,593,758 shares
+5 more
8 metrics
Deferred Stock Units granted
58,373 units
Director compensation grant on May 4, 2026
Deferred Stock Units outstanding
700,804 units
DSU balance after reported grant
Common stock holdings
2,593,758 shares
Total common shares associated with reporting person after transactions
Mesdag Family Limited Partnership holdings
420,286 shares
Common shares held by Mesdag Family Limited Partnership
Mesdag Family Foundation holdings
97,529 shares
Common shares held by Mesdag Family Foundation
2012 Mesdag Trust holdings
44,746 shares
Common shares held by 2012 Mesdag Trust
Red Mountain Capital Partners LLC holdings
1,763,373 shares
Common shares held by Red Mountain Capital Partners LLC
Red Mountain Capital Management, Inc. holdings
267,824 shares
Common shares held by Red Mountain Capital Management, Inc.
Key Terms
Deferred Stock Units, Director Plan, pecuniary interest, change in control, +1 more
5 terms
Deferred Stock Units financial
"Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Director Plan financial
"Each DSU is credited to the Reporting Person under the Company's Director Plan"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein"
change in control financial
"payable ... upon death, disability or change in control as defined in the Director Plan"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
ten percent owner regulatory
"The Reporting Person's ownership includes ... The Reporting Person disclaims beneficial ownership"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Willem Mesdag report in this Form 4 for DESTINATION XL GROUP (DXLG)?
Willem Mesdag reported receiving 58,373 Deferred Stock Units as director compensation. These units are part of his quarterly retainer and committee chair fees and track one-for-one with Destination XL common shares under the company’s Director Plan.
How many Deferred Stock Units does Willem Mesdag hold in DXLG after this grant?
After this grant, Willem Mesdag holds 700,804 Deferred Stock Units. Each DSU represents the economic equivalent of one Destination XL common share, credited under the company’s Director Plan for director compensation purposes.
How are the DSUs granted to Willem Mesdag in DXLG valued?
The per-share value of the DSUs is based on Destination XL’s closing common stock price on May 1, 2026. This closing price is used to determine the dollar value of the DSU grant credited as director compensation.
When are Willem Mesdag’s Deferred Stock Units in DXLG payable?
The DSUs are payable under the Director Plan on the earlier of Mesdag’s separation from service, or his death, disability, or a change in control. Payment timing follows the specific distribution rules defined in the company’s Director Plan.