Destination XL Group (DXLG) awards Mesdag 64,307 deferred stock units
Rhea-AI Filing Summary
MESDAG WILLEM reported acquisition or exercise transactions in this Form 4 filing.
DESTINATION XL GROUP director and greater-than-10% owner Willem Mesdag received a grant of 64,307 Deferred Stock Units (DSUs) on August 3, 2026, as compensation for his board retainer and committee chair fees under the Company’s Director Plan. Each DSU equals one share of common stock and was valued at $0.5637 per unit, based on the July 31, 2026 closing price. These DSUs are payable upon Mesdag’s separation from service or earlier upon death, disability, or a change in control. After this grant, he holds 765,111 DSUs, and entities associated with him report 2,593,758 common shares, for which 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 F2, F3, F4, F5 | 64,307 | $0.00 | $0.00 |
| holding | Common Stock, $0.01 par value F1 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 765,111 shares (Direct);
Common Stock, $0.01 par value — 2,593,758 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee.
- F3. The per share value is determined by the closing price of the Company's common stock on July 31, 2026.
- F4. 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.
- F5. 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: 64,307 units
Per-share DSU value: $0.5637 per DSU
DSU holdings after grant: 765,111 units
+5 more
8 metrics
Deferred stock units granted
64,307 units
DSU grant to director Willem Mesdag on August 3, 2026
Per-share DSU value
$0.5637 per DSU
Determined by closing price of common stock on July 31, 2026
DSU holdings after grant
765,111 units
Total deferred stock units credited to Mesdag after this award
Common shares reported
2,593,758 shares
Common stock held by entities associated with Mesdag as of August 3, 2026
Mesdag Family Limited Partnership holdings
420,286 shares
Part of the common stock position reported in Mesdag’s ownership
Mesdag Family Foundation holdings
97,529 shares
Part of the common stock position reported in Mesdag’s ownership
Red Mountain Capital Partners LLC holdings
1,763,373 shares
Included in reported holdings; Mesdag is president and sole executive officer of Red Mountain Capital Management, Inc.
Red Mountain Capital Management, Inc. holdings
267,824 shares
Included within entities’ reported common stock; Mesdag disclaims beneficial ownership beyond pecuniary interest
Key Terms
Deferred Stock Units (DSUs), Director Plan, change in control, pecuniary interest
4 terms
Deferred Stock Units (DSUs) financial
"Deferred Stock Units (DSUs) issued pursuant to the Director's elected form"
Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.
Director Plan financial
"Each DSU is credited to the Reporting Person under the Company's Director Plan"
change in control regulatory
"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.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider award did Willem Mesdag report in Destination XL (DXLG) Form 4?
Willem Mesdag reported receiving 64,307 Deferred Stock Units (DSUs) on August 3, 2026, as part of his director and committee chair compensation. Each DSU represents one share of Destination XL common stock under the Company’s Director Plan.
How were the Destination XL (DXLG) DSUs granted to Willem Mesdag valued?
The 64,307 DSUs granted to Willem Mesdag were valued at $0.5637 per unit. According to the disclosure, this per-share value was determined using the closing price of Destination XL’s common stock on July 31, 2026.
When will Willem Mesdag’s Destination XL (DXLG) Deferred Stock Units be paid out?
Mesdag’s DSUs are payable under the Director Plan on the earlier of his separation from service or upon death, disability, or a change in control as defined in the plan. Until then, they remain as deferred stock unit credits.
How many Destination XL (DXLG) DSUs does Willem Mesdag hold after this grant?
Following the August 3, 2026 grant, Willem Mesdag holds a total of 765,111 Deferred Stock Units. Each DSU represents ownership equivalent to one share of Destination XL’s common stock under the Company’s Director Plan.