Form 4: Destination XL Group Executive James Reath Reports Stock Transactions
SEC Form 4
James Reath, Chief Marketing Officer of Destination XL Group, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On April 1, 2024, James Reath, Chief Marketing Officer of Destination XL Group, converted 2,583 restricted stock units (RSUs) into common stock.
- Also on April 1, 2024, 960 shares were withheld for payment of taxes at a price of $3.55.
- Following these transactions, Reath directly owns 12,503 shares of common stock and 5,166 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Conversion of 2,583 restricted stock units into common stock and withholding of 960 shares for tax payment. |
| 04/01/2025 | Date when remaining RSUs vest and become exercisable. |
| 04/01/2026 | Date when remaining RSUs vest and become exercisable. |
| 04/10/2024 | Date of the report. |
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