Destination XL Group (DXLG) director Mesdag receives 7,630 DSUs as chair pay
Rhea-AI Filing Summary
MESDAG WILLEM reported acquisition or exercise transactions in this Form 4 filing.
DESTINATION XL GROUP, INC. director and 10% owner Willem Mesdag received a grant of 7,630 Deferred Stock Units (DSUs) as compensation for serving as Audit Committee chair. Each DSU equals one share of common stock and is valued based on the $0.5832 closing price on August 11, 2026. Following the grant, Mesdag is credited with 772,741 DSUs and is associated, through various entities, with 2,593,758 shares of common stock, with beneficial ownership disclaimed except for his pecuniary interest. DSUs are payable upon separation from service or certain events such as death, disability, or change in control under the company’s Director Plan.
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 | 7,630 | $0.00 | $0.00 |
| holding | Common Stock, $0.01 par value F1 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 772,741 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 Audit Committee chairperson fee.
- F3. The per share value is determined by the closing price of the Company's common stock on August 11, 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: 7,630 units
DSU value per share: $0.5832
DSUs following grant: 772,741 units
+1 more
4 metrics
Deferred Stock Units granted
7,630 units
DSUs granted on August 12, 2026 as Audit Committee chair compensation
DSU value per share
$0.5832
Per-unit value based on DXLG common stock closing price on August 11, 2026
DSUs following grant
772,741 units
Total Deferred Stock Units credited to Willem Mesdag after the reported grant
Common stock associated holdings
2,593,758 shares
DXLG common shares held by entities associated with Mesdag, with beneficial ownership disclaimed except for pecuniary interest
Key Terms
Deferred Stock Units, Director Plan, change in control, pecuniary interest
4 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"
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
FAQ
What did Willem Mesdag report in this Form 4 for DXLG?
Willem Mesdag reported a grant of 7,630 Deferred Stock Units as Audit Committee chair compensation, each equivalent to one share of Destination XL Group, Inc. common stock, under the company’s Director Plan.
How many Deferred Stock Units does Mesdag hold after this DXLG transaction?
After the August 12, 2026 grant, Willem Mesdag is credited with 772,741 Deferred Stock Units. Each DSU represents the economic equivalent of one share of Destination XL Group, Inc. common stock under the Director Plan.
How is the value of the DXLG Deferred Stock Units determined?
The per-unit value of the Deferred Stock Units is based on the closing price of Destination XL Group, Inc. common stock on August 11, 2026, stated as $0.5832 per share in the filing’s footnotes.
When will the DXLG Deferred Stock Units granted to Mesdag be paid out?
The DSUs are payable under the Director Plan on the earlier of Mesdag’s separation from service or upon death, disability, or a change in control as defined in Destination XL Group, Inc.’s Director Plan.
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