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Destination XL (DXLG) Form 4: 247,431 Performance RSUs Added to CEO Holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Destination XL Group, Inc. (DXLG) reporting person Harvey S. Kanter, who serves as President, CEO and a director, was granted 247,431 restricted stock units (RSUs) on 08/31/2025 under the 2022-2024 Long-Term Incentive Plan as performance-based compensation originally granted April 15, 2025. The Form 4 shows the RSUs convert one-for-one into common stock when they vest, and following the reported acquisition the reporting person beneficially owns 729,857 shares of common stock. The filing is a single-person Form 4 and records the grant as an acquisition (code M) with an effective price of $0 per share for the RSU conversion.

Positive

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Negative

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Insights

TL;DR CEO received a sizable performance-based RSU award that materially raises his reported beneficial ownership.

The grant of 247,431 performance-based RSUs to the CEO increases reported beneficial ownership to 729,857 shares, signaling management retention and incentive alignment with shareholders. The award is recorded as an acquisition in Form 4 and converts one-for-one to common stock when vested. For investors, this is a compensation disclosure rather than an open-market purchase or sale; its near-term market impact depends on vesting conditions and timing, which are not detailed in the Form 4 beyond the grant date and plan reference.

TL;DR Performance RSU grant to an executive/director is standard governance practice to align incentives, but details on vesting metrics matter.

The filing documents a performance-based RSU award under the company’s 2022-2024 Long-Term Incentive Plan that converts one-for-one into common shares. As both an officer and director, the reporting person’s increased ownership may strengthen alignment with shareholders. The Form 4 does not provide vesting schedules, performance targets, or potential forfeiture conditions, so the materiality of the incentive depends on plan specifics that are not included in this filing.

Insider KANTER HARVEY S
Role President and CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 247,431 $0.00 --
Exercise Common Stock, $0.01 par value 247,431 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, $0.01 par value — 729,857 shares (Direct)
Footnotes (1)
  1. Restricted stock units ("RSU") convert into common stock on a one-for-one basis. Represents RSUs for performance-based compensation granted to the Reporting Person on April 15, 2025 under the 2022-2024 Long-Term Incentive Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
KANTER HARVEY S
(Last) (First) (Middle)
C/O DESTINATION XL GROUP, INC.
555 TURNPIKE STREET
(Street)
CANTON MA 02021
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC. [ DXLG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value 08/31/2025 M 247,431 A (1) 729,857 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/31/2025 M 247,431 (2) (2) Common Stock 247,431 $0 0 D
Explanation of Responses:
1. Restricted stock units ("RSU") convert into common stock on a one-for-one basis.
2. Represents RSUs for performance-based compensation granted to the Reporting Person on April 15, 2025 under the 2022-2024 Long-Term Incentive Plan.
Harvey S. Kanter 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Harvey S. Kanter report on Form 4 for DXLG?

He reported the acquisition of 247,431 restricted stock units (RSUs) on 08/31/2025 under the 2022-2024 Long-Term Incentive Plan, which convert one-for-one into common stock.

How many shares does the reporting person beneficially own after the transaction?

729,857 shares of Destination XL Group, Inc. common stock are reported as beneficially owned following the RSU acquisition.

What type of award was reported and when was it granted?

Performance-based restricted stock units (RSUs) originally granted on April 15, 2025 and reported as acquired on 08/31/2025.

What conversion or price is shown for the RSUs?

RSUs convert on a one-for-one basis to common stock and the Form 4 indicates a price of $0 for the reported RSU conversion.

Does the Form 4 disclose vesting schedules or performance targets?

No. The filing explains the RSUs are performance-based under the 2022-2024 plan but does not provide vesting dates or performance target details.