DXLG officer exercises RSUs, boosts share holdings
Destination XL Group Chief Stores & RE Officer Anthony Gaeta reported several compensation-related equity transactions.
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Form Type
4
Rhea-AI Filing Summary
Destination XL Group Chief Stores & RE Officer Anthony Gaeta reported several compensation-related equity transactions. On April 1, 2026, he exercised restricted stock units (RSUs) into a total of 23,016 shares of common stock at a price of $0.00 per share.
Following these RSU conversions, 9,639 shares of common stock were withheld at $0.51 per share to cover tax obligations. After all transactions, Gaeta directly held 204,154 shares of Destination XL Group common stock. Footnotes indicate remaining RSUs from long-term incentive plans vest between April 1, 2027 and April 1, 2029.
Insider Trade Summary
23,016 shares exercised/converted
Exercise
9 txns
Insider
Gaeta Anthony
Role
Chief Stores & RE Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,832 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,238 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,929 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 12,017 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 2,832 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 3,238 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 4,929 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 12,017 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 9,639 | $0.51 | $5K |
Holdings After Transaction:
Restricted Stock Units — 49,147 contracts (Direct);
Common Stock, $0.01 par value — 204,154 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 converted: 23,016 shares
Shares withheld for taxes: 9,639 shares
Tax withholding price: $0.51 per share
+3 more
6 metrics
RSUs converted
23,016 shares
RSUs exercised into common stock on April 1, 2026
Shares withheld for taxes
9,639 shares
Tax-withholding disposition at $0.51 per share
Tax withholding price
$0.51 per share
Value used for F-code tax payment shares
Post-transaction holdings
204,154 shares
Common stock directly held after April 1, 2026 transactions
Derivative exercises
4 transactions, 23,016 shares
M-code RSU exercises on April 1, 2026
Tax-withholding transaction count
1 transaction, 9,639 shares
F-code disposition on April 1, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, Long-Term Inventive Plan, time-based portion, +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.
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 Inventive Plan financial
"Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan"
time-based portion financial
"Represents RSUs for the time-based portion of the 2024-2026 Long-Term Inventive Plan"
vesting financial
"The remaining RSUs vest and become exercisable on April 1, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DXLG executive Anthony Gaeta report in this Form 4 filing?
Anthony Gaeta reported routine equity compensation activity. He exercised restricted stock units into common shares and had some of those shares withheld to pay taxes, resulting in an increased direct holding of Destination XL Group common stock after the transactions.
How many RSUs did Anthony Gaeta convert into DXLG common stock?
Gaeta exercised RSUs convertible into 23,016 shares of Destination XL Group common stock. These conversions occurred on April 1, 2026 at an exercise price of $0.00 per share, reflecting standard vesting of equity awards under the company’s incentive compensation plans.
What is the nature of the tax-withholding transaction in Anthony Gaeta’s DXLG filing?
The filing shows an F-code disposition of 9,639 shares at $0.51 per share. Footnotes explain these shares were withheld from those otherwise issuable on RSU vesting to pay taxes, rather than being sold through the open market to third parties.
What do the footnotes say about Anthony Gaeta’s RSUs and future vesting at DXLG?
Footnotes explain each RSU represents a right to receive one DXLG share and reference time-based RSUs from the 2022–2027 long-term incentive plans. Remaining RSUs from these awards are scheduled to vest between April 1, 2027 and April 1, 2029, subject to plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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