Harvey S. Kanter - Apr 1, 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
President and CEO, Director
Signature
Harvey S. Kanter
Stock symbol
DXLG
Transactions as of
Apr 1, 2022
Transactions value $
-$202,915
Form type
4
Date filed
4/1/2022, 04:43 PM
Previous filing
Mar 28, 2022
Next filing
Apr 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DXLG Common Stock, $0.01 par value Options Exercise +106K +42.27% 356K Apr 1, 2022 Direct F1
transaction DXLG Common Stock, $0.01 par value Tax liability -$203K -41.6K -11.69% $4.88 314K Apr 1, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DXLG Restricted Stock Units Options Exercise $0 -45.7K -50% $0.00 45.7K Apr 1, 2022 Common Stock 45.7K Direct F1, F3
transaction DXLG Restricted Stock Units Options Exercise $0 -60K -50% $0.00 60K Apr 1, 2022 Common Stock 60K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSU") convert into common stock on a one-for-one basis.
F2 Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes.
F3 Represents RSUs for time-based compensation granted to the Reporting Person on August 7, 2019 under the 2019-2021 Long-Term Incentive Plan. The remaining RSUs vest on April 1, 2023.
F4 Represents RSUs for time-based compensation granted to the Reporting Person on February 19, 2019 under the terms of the Employment Agreement dated February 19, 2019. The remaining RSUs vest on April 1, 2023.