Harvey S. Kanter - 11 Aug 2023 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
President and CEO, Director
Signature
Harvey S. Kanter
Issuer symbol
DXLG
Transactions as of
11 Aug 2023
Net transactions value
$0
Form type
4
Filing time
15 Aug 2023, 17:04:41 UTC
Previous filing
03 May 2023
Next filing
05 Sep 2023
SEC
View on sec.gov

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 Performance Shares Award $0 +573,000 $0.000000 573,000 11 Aug 2023 Common Stock 573,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share ("P Share"), as defined in the Issuer's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of Issuer common stock.
F2 The P Shares shall vest, if at all, in nine tranches when the trailing 30-day volume weighted average closing price of a share of the Issuer's common stock meets or exceeds $6.50, $6.75, $7.00, $7.25, $7.50, $7.75, $8.00, $8.25 and $8.50, respectively, subject to a minimum one-year vesting from the date of grant.