Dara Pauker - Jan 27, 2023 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
Chief Operating Officer
Signature
Dara Pauker
Stock symbol
DXLG
Transactions as of
Jan 27, 2023
Transactions value $
$0
Form type
4
Date filed
1/31/2023, 03:13 PM

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 Non-Qualified Stock Option (Right to Buy) Award $0 +3.28K $0.00 3.28K Jan 27, 2023 Common Stock 3.28K $7.43 Direct F1
transaction DXLG Restricted Stock Units Award $0 +40.4K $0.00 40.4K Jan 27, 2023 Common Stock 40.4K $0.00 Direct F2, F4
transaction DXLG Restricted Stock Units Award $0 +8.63K $0.00 8.63K Jan 27, 2023 Common Stock 8.63K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Non-Qualified Stock Options ("Stock Options") represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The Stock Options become exercisable in three equal installments on January 27, 2024, April 1, 2024 and April 1, 2025.
F2 These Restricted Stock Units ("RSUs") represent an inducement grant pursuant to the Company's 2016 Incentive Compensation Plan. The RSUs vest and become exercisable in three equal installments on January 27, 2024, January 27, 2025 and January 27, 2026.
F3 Represents RSUs for the time-based portion of the 2022-2024 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest and become exercisable in four equal installments on January 27, 2024, April 1, 2024, April 1, 2025 and April 1, 2026.
F4 Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.