Destination XL Group (DXLG) director awarded 53,074 DSUs in equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Destination XL Group director Willem Mesdag reported an equity compensation grant and updated his holdings. On February 2, 2026, he was credited with 53,074 deferred stock units (DSUs) under the company’s Director Plan as payment for his quarterly retainer and committee chair fees.
Each DSU is economically equivalent to one share of common stock, bringing his total DSUs to 642,431. The filing also notes that entities associated with Mesdag collectively hold 2,593,758 shares of common stock. These shares are spread across several family and investment entities, and Mesdag formally disclaims beneficial ownership except to the extent of his pecuniary interest.
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 | 53,074 | $0.00 | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 642,431 shares (Direct);
Common Stock, $0.01 par value — 2,593,758 shares (Direct)
Footnotes (1)
- 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. Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee. The per share value is determined by the closing price of the Company's common stock on January 30, 2026. 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. 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.
FAQ
What insider transaction did DXLG director Willem Mesdag report?
Willem Mesdag reported an equity compensation grant. On February 2, 2026, he was credited with 53,074 deferred stock units (DSUs) under Destination XL Group’s Director Plan as part of his elected form of compensation for director and committee chair service.
How many deferred stock units does Willem Mesdag hold after this DXLG Form 4?
Mesdag holds 642,431 deferred stock units after the transaction. The February 2, 2026 grant of 53,074 DSUs increased his Director Plan balance to 642,431 units, each economically equivalent to one share of Destination XL Group common stock under the plan’s terms.
What are deferred stock units (DSUs) in the DXLG director compensation plan?
Deferred stock units are equity-based director compensation. Under Destination XL Group’s Director Plan, each DSU represents ownership equivalent to one common share and is typically paid upon separation from service or upon specified events such as death, disability, or a change in control.
When will Willem Mesdag’s DXLG deferred stock units become payable?
The DSUs are payable upon separation or specified events. Under the Director Plan, Mesdag’s DSUs are delivered in the elected form on the earlier of his separation from service, or upon death, disability, or a change in control as defined in the plan.