Form 4: Destination XL Group Officer James Reath Reports Stock Transactions
SEC Form 4 Filing
James Reath, Chief Marketing Officer of Destination XL Group, reports the conversion of restricted stock units and shares withheld for tax obligations.
Summary
- On October 7, 2024, James Reath, Chief Marketing Officer of Destination XL Group, converted 10,946 restricted stock units (RSUs) into common stock.
- Additionally, 4,910 shares were withheld for payment of taxes related to the vesting of the RSUs at a price of $2.88 per share.
- Following these transactions, Reath directly owns 21,008 shares of common stock and 10,947 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company officer, and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining RSUs vest and become exercisable on October 7, 2025.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 10/07/2022 | Date of Inducement Award grant for Restricted Stock Units (RSUs). |
| 10/07/2024 | Date of RSU conversion to common stock and shares withheld for taxes. |
| 10/07/2025 | Date when the remaining RSUs vest and become exercisable. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
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