Destination XL awards Mesdag 81,684 stock units
Under the Director Plan, units are payable upon separation from service or earlier death, disability, or a change in control.
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Form Type
4
Rhea-AI Filing Summary
Destination XL Group, Inc. (DXLG) reported that director and 10% owner Willem Mesdag acquired 81,684 deferred stock units on November 2, 2026, as his elected form of compensation for quarterly annual retainer and committee chairperson fees. Each unit represents ownership equivalent to one common share and had a per-share value of $0.4546, based on the October 30, 2026 closing price. His reported deferred stock unit balance after the award was 854,425.
Insider Trade Summary
Grant/Award: 81,684 shares
Grant/Award
1 txn
Insider
MESDAG WILLEM
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F2, F3, F4, F5 | 81,684 | $0.00 | $0.00 |
| Holding | Common Stock, $0.01 par value F1 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 854,425 contracts (Direct);
Common Stock, $0.01 par value — 2,593,758 shares (Direct)
Holdings Before and After:
Deferred Stock Units, 772,741 to 854,425 contracts (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 fees.
- F3. The per share value is determined by the closing price of the Company's common stock on October 30, 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 acquired: 81,684 units
Per-share value: $0.4546 per share
Deferred stock units after award: 854,425 units
3 metrics
Deferred stock units acquired
81,684 units
November 2, 2026 director compensation award
Per-share value
$0.4546 per share
Based on the common-stock closing price on October 30, 2026
Deferred stock units after award
854,425 units
Reported following the November 2, 2026 acquisition
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 of compensation"
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 technical
"Each DSU is credited to the Reporting Person under the Company's Director Plan"
change in control technical
"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
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many deferred stock units did DXLG director Willem Mesdag acquire?
Willem Mesdag acquired 81,684 deferred stock units on November 2, 2026. The units were his elected form of compensation for quarterly annual retainer and committee chairperson fees, and his reported deferred stock unit balance after the award was 854,425.
When are DXLG deferred stock units payable under the Director Plan?
The DSUs are payable in the form elected or provided under the Director Plan on the earlier of separation from service, or upon death, disability, or a change in control as defined in the plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
