DESTINATION XL GROUP (DXLG) SVP lifts holdings to 114,920 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DESTINATION XL GROUP, INC. senior vice president and chief accounting officer John F. Cooney exercised restricted stock units into common shares. On April 1, 2026, he converted a total of 12,620 RSUs into the same number of common shares at a stated price of $0.00 per share.
All transactions were coded as derivative exercises with no open-market buys or sales reported. Following these conversions, Cooney directly holds 114,920 shares of common stock. The RSUs relate to the time-based portions of the company’s 2022–2027 long-term incentive plans, with remaining RSUs scheduled to vest between April 1, 2027 and April 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,620 shares exercised/converted
Mixed
8 txns
Insider
Cooney John F
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,730 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,978 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,447 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,465 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 1,730 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 1,978 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 2,447 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 6,465 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, $0.01 par value — 104,030 shares (Direct)
Footnotes (1)
- Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock. Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022. 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. 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. 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.
Key Figures
RSUs exercised: 12,620 units
Shares acquired: 12,620 shares
Post-transaction holdings: 114,920 shares
+2 more
5 metrics
RSUs exercised
12,620 units
Total restricted stock units converted on April 1, 2026
Shares acquired
12,620 shares
Common stock received from RSU exercises on April 1, 2026
Post-transaction holdings
114,920 shares
Direct DXLG common stock held after exercises
Exercise price
$0.00 per share
Stated price for RSU conversion into common stock
Exercise transactions
4 derivative entries
RSU exercises coded as “M” on April 1, 2026
Key Terms
Restricted Stock Units, 2016 Incentive Compensation Plan, Long-Term Inventive Plan, time-based portion, +1 more
5 terms
Restricted Stock Units financial
"Each RSU ... represents a contingent right to receive one share of DXLG common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2016 Incentive Compensation Plan financial
"Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right..."
Long-Term Inventive Plan financial
"Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared..."
time-based portion financial
"Represents RSUs for the time-based portion of the 2025-2027 Long-Term Inventive Plan awared..."
vest and become exercisable financial
"The remaining RSUs vest and become exercisable on April 1, 2027 and April 1, 2028."
FAQ
What insider transaction did John F. Cooney report for DESTINATION XL GROUP (DXLG)?
John F. Cooney reported exercising restricted stock units into common stock. On April 1, 2026, he converted 12,620 RSUs into 12,620 DXLG common shares at a stated price of $0.00 per share, with no open-market purchases or sales disclosed.
How many restricted stock units did John F. Cooney exercise into DXLG common stock?
He exercised a total of 12,620 restricted stock units into DXLG common stock. The Form 4 shows RSU exercises of 1,730, 1,978, 2,447, and 6,465 units, all on April 1, 2026, each converting on a one-for-one basis into common shares.
What long-term incentive plans are linked to John F. Cooney’s DXLG RSUs?
The RSUs relate to the time-based portions of DXLG’s 2022–2024, 2023–2025, 2024–2026, and 2025–2027 Long-Term Incentive Plans. Footnotes state these awards were granted between April 2022 and April 2025 under the company’s 2016 Incentive Compensation Plan.
When do John F. Cooney’s remaining DXLG RSUs vest after this Form 4?
Footnotes state remaining RSUs from the 2023–2025, 2024–2026, and 2025–2027 plans vest on April 1, 2027, with additional tranches on April 1, 2028 and April 1, 2029. These remaining units continue to represent contingent rights to receive DXLG common shares.
What is John F. Cooney’s role at DESTINATION XL GROUP, INC.?
John F. Cooney is an officer of DESTINATION XL GROUP, INC., serving as senior vice president and chief accounting officer. His position is explicitly identified in the Form 4 data, and the reported equity awards reflect compensation granted in that executive capacity.