DXLG.NASDAQDestination Xl Group, INC

4/A: Destination XL Group Executive James Reath Amends SEC Filing to Correctly Report Beneficial Ownership

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SEC Filing (Form 4/A)

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James Reath, Chief Marketing Officer of Destination XL Group, files an amendment to a previous SEC Form 4 to correct the reported amount of securities beneficially owned.

Summary

  • James Reath, Chief Marketing Officer of Destination XL Group, filed an amended SEC Form 4 on July 16, 2024, to correct a previously reported overstatement of beneficially owned securities.
  • The original filing, dated May 3, 2024, inadvertently overstated the number of shares held by 960 shares.
  • The amendment reflects the vesting of 3,986 Restricted Stock Units (RSUs) on May 1, 2024, and the withholding of 1,517 shares for tax payments at a price of $3.21 per share.
  • Following these transactions, Reath directly owns 14,972 shares of Destination XL Group common stock.
  • Reath also holds 11,959 derivative securities in the form of Restricted Stock Units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of company insiders.

Key Dates

DateDescription
05/01/2023Date of the 2023-2025 Long-Term Incentive Plan award to the Reporting Person.
05/01/2024Vesting date of 3,986 Restricted Stock Units.
05/03/2024Date of original SEC Form 4 filing.
04/01/2025Date when remaining RSUs vest and become exercisable.
04/01/2026Date when remaining RSUs vest and become exercisable.
04/01/2027Date when remaining RSUs vest and become exercisable.
07/16/2024Date of amended SEC Form 4/A filing.

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