[Form 4] DESTINATION XL GROUP, INC. Insider Trading Activity
Destination XL Group’s General Counsel & Secretary, Robert S. Molloy, exercised restricted stock units into common shares and had a portion withheld for taxes.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Destination XL Group’s General Counsel & Secretary, Robert S. Molloy, exercised restricted stock units into common shares and had a portion withheld for taxes. On April 1, 2026, he converted 23,563 RSUs into the same number of common shares at an exercise price of $0.00 per share.
To cover tax obligations, 8,801 common shares were withheld at $0.51 per share. Following these compensation-related transactions, Molloy directly held 320,617 shares of Destination XL Group common stock. The RSUs relate to time-based portions of the company’s 2022–2027 long-term incentive plans.
Insider Trade Summary
23,563 shares exercised/converted
Exercise
9 txns
Insider
Molloy Robert S
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,364 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,846 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,757 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,596 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 3,364 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 3,846 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 4,757 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 11,596 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 8,801 | $0.51 | $4K |
Holdings After Transaction:
Restricted Stock Units — 48,149 contracts (Direct);
Common Stock, $0.01 par value — 320,617 shares (Direct)
Footnotes (6)
- F1. Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.
- F2. Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes.
- F3. Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022.
- F4. 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.
- F5. 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.
- F6. 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: 23,563 RSUs
Shares withheld for taxes: 8,801 shares
Post-transaction holdings: 320,617 shares
+4 more
7 metrics
RSUs exercised
23,563 RSUs
Converted to common stock on April 1, 2026
Shares withheld for taxes
8,801 shares
Tax withholding disposition at $0.51 per share
Post-transaction holdings
320,617 shares
Common stock directly held after April 1, 2026 transactions
Tax withholding price
$0.51 per share
Value for 8,801 withheld common shares
RSU conversion price
$0.00 per share
Exercise or conversion of 23,563 restricted stock units
Derivative exercises
4 transactions
RSU exercises summarized in transaction data
Total RSU shares exercised
23,563 shares
ExerciseShares in transaction summary
Key Terms
Restricted Stock Units, contingent right, tax-withholding disposition, Long-Term Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right"
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.
contingent right financial
"represents a contingent right to receive one share of DXLG common stock"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Long-Term Incentive Plan financial
"time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person"
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 2023-2025 Long-Term Inventive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DXLG’s Robert S. Molloy report in this Form 4 filing?
Robert S. Molloy reported exercising restricted stock units into Destination XL Group common shares and using some of those shares to pay taxes. These are compensation-related transactions, not open-market purchases or sales, and increased his directly held common stock position.
How many Destination XL (DXLG) RSUs did Molloy convert to common stock?
Molloy converted a total of 23,563 restricted stock units into the same number of Destination XL common shares at an exercise price of $0.00 per share. Each RSU represented a contingent right to receive one share of DXLG common stock upon vesting.
What are Molloy’s DXLG common stock holdings after these transactions?
After the RSU conversions and tax withholding, Molloy directly held 320,617 shares of Destination XL Group common stock. This figure reflects his position following all reported April 1, 2026 transactions and provides context for the scale of these compensation events.
Which DXLG long-term incentive plans are tied to these RSUs?
The RSUs are tied to time-based portions of Destination XL’s 2022–2024, 2023–2025, 2024–2026, and 2025–2027 long-term incentive plans. Footnotes describe remaining RSUs from these awards that vest and become exercisable on specified dates through April 1, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates