CFO at Destination XL Group (DXLG) exercises 31,943 RSUs into stock

Rhea-AI Filing Summary

Destination XL Group EVP, CFO and Treasurer Peter H. Stratton Jr. exercised multiple tranches of restricted stock units on April 1, 2026, converting them into common shares of the company.

The Form 4 shows RSU exercises covering a total of 31,943 shares of common stock at an exercise price of $0.00 per share, consistent with equity awards that settle in stock rather than cash purchases. Following these conversions, Stratton directly holds 348,053 shares of Destination XL Group common stock, reflecting compensation-related equity rather than open-market buying or selling.

Insights

Insider trading and executive compensation analyst

Executive RSU vesting converted into stock; routine, non-market transaction.

The reporting executive, Peter H. Stratton Jr., exercised restricted stock units that settled into 31,943 shares of Destination XL Group common stock on April 1, 2026. The transactions are coded as derivative exercises rather than open-market purchases or sales.

These awards stem from time-based portions of the company’s Long-Term Incentive Plans covering periods from 2022–2024 through 2025–2027, consistent with standard executive compensation structures. The exercises occurred at an effective price of $0.00 per share, typical for RSUs that deliver stock upon vesting.

After these conversions, Stratton directly owns 348,053 common shares. Given that there are no open-market sales and the filing shows only compensation-related equity settlement, this appears to be a routine vesting event with neutral informational value for outside investors.

Insider Trade Summary

31,943 shares exercised/converted

Mixed 8 txns

Insider Stratton Peter H Jr.

Role EVP, CFO, Treasurer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,560	$0.00	--
Exercise	Restricted Stock Units	5,214	$0.00	--
Exercise	Restricted Stock Units	6,449	$0.00	--
Exercise	Restricted Stock Units	15,720	$0.00	--
Exercise	Common Stock, $0.01 par value	4,560	$0.00	--
Exercise	Common Stock, $0.01 par value	5,214	$0.00	--
Exercise	Common Stock, $0.01 par value	6,449	$0.00	--
Exercise	Common Stock, $0.01 par value	15,720	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, $0.01 par value — 320,670 shares (Direct)

Footnotes (1)

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

RSU exercises: 31,943 shares Post-transaction holdings: 348,053 shares Largest RSU lot exercised: 15,720 shares +3 more

6 metrics

RSU exercises 31,943 shares Total common shares from RSU conversions on April 1, 2026

Post-transaction holdings 348,053 shares Direct common stock held after April 1, 2026 transactions

Largest RSU lot exercised 15,720 shares Single RSU tranche converted into common stock on April 1, 2026

Additional RSU lots exercised 6,449 shares One of several RSU tranches exercised into common stock

Exercise price $0.00 per share Effective price for RSU settlements into Destination XL common stock

Exercise date April 1, 2026 Date all reported RSU exercises and share conversions occurred

Key Terms

Restricted Stock Units, Long-Term Incentive Plan, time-based portion, derivative exercise/conversion

4 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.

Long-Term Incentive Plan financial

"Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan."

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

time-based portion financial

"Represents RSUs for the time-based portion of the 2024-2026 Long-Term Inventive Plan."

derivative exercise/conversion financial

"Transactions are coded as derivative exercise/conversion of RSUs into common stock."

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^*

Stratton Peter H Jr.

(Last) (First) (Middle)

C/O DESTINATION XL GROUP, INC.

555 TURNPIKE STREET

(Street)

CANTON MASSACHUSETTS 02021

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC. [ DXLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO, Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/01/2026		M		4,560	A	(1)	320,670	D
Common Stock, $0.01 par value	04/01/2026		M		5,214	A	(1)	325,884	D
Common Stock, $0.01 par value	04/01/2026		M		6,449	A	(1)	332,333	D
Common Stock, $0.01 par value	04/01/2026		M		15,720	A	(1)	348,053	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)	04/01/2026		M			4,560	(2)	(2)	Common Stock	4,560	$0	0	D
Restricted Stock Units	(1)	04/01/2026		M			5,214	(3)	(3)	Common Stock	5,214	$0	5,215	D
Restricted Stock Units	(1)	04/01/2026		M			6,449	(4)	(4)	Common Stock	6,449	$0	12,897	D
Restricted Stock Units	(1)	04/01/2026		M			15,720	(5)	(5)	Common Stock	15,720	$0	47,161	D

Explanation of Responses:

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.

2. Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022.

3. 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.

4. 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.

5. 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.

	Peter H. Stratton, Jr.	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did DXLG executive Peter Stratton report on this Form 4?

Peter H. Stratton Jr., EVP, CFO and Treasurer of Destination XL Group, reported exercising restricted stock units that converted into 31,943 shares of common stock on April 1, 2026. These equity awards relate to the company’s multi-year Long-Term Incentive Plans and are compensation-based rather than market trades.

How many Destination XL Group (DXLG) shares did the CFO acquire through RSU exercises?

The CFO acquired 31,943 shares of Destination XL Group common stock through the exercise of restricted stock units. These derivative exercises were recorded at an effective price of $0.00 per share, reflecting RSUs that settle in stock, not cash purchases on the open market.

What are the CFO’s total direct DXLG share holdings after these transactions?

After the RSU exercises, Peter H. Stratton Jr. directly holds 348,053 shares of Destination XL Group common stock. This post-transaction figure reflects his updated direct equity position following the conversion of multiple RSU grants into common shares on April 1, 2026.

Do the reported DXLG insider transactions involve open-market buying or selling?

The reported transactions do not involve open-market buying or selling. Instead, they are coded as derivative exercises, where restricted stock units converted into common shares at $0.00 per share, consistent with stock-settled compensation awards rather than discretionary market trades.

What DXLG incentive plans are linked to the CFO’s restricted stock units?

The restricted stock units are tied to time-based portions of Destination XL Group’s Long-Term Incentive Plans for 2022–2024, 2023–2025, 2024–2026, and 2025–2027. These plans grant RSUs that vest over several years, delivering one share of common stock for each vested unit.