Director and 10% owner Willem Mesdag filed a Form 4 with the SEC on November 4, 2026, disclosing the acquisition of 81,684 Deferred Stock Units in Destination XL Group, Inc. on November 2, 2026.

Key Highlights

  • Transaction: Willem Mesdag acquired 81,684 Deferred Stock Units (DSUs) on November 2, 2026, with a per-share value of $0.4546, determined by the closing price of common stock on October 30, 2026.
  • Post-transaction DSU holdings: Following the acquisition, Mesdag holds 854,425 DSUs beneficially, reported as direct ownership.
  • Common stock holdings: The filing reports 2,593,758 shares of Common Stock, $0.01 par value, beneficially owned following the reported transaction, listed as indirect.
  • Nature of DSUs: The DSUs were issued pursuant to the director's elected form of compensation for quarterly annual retainer and committee chairperson fees under the Company's Director Plan.
  • DSU payout conditions: DSUs are payable on the earlier of the reporting person's separation of service, or upon death, disability, or change in control as defined in the Director Plan.
  • Roles: Mesdag is listed as both a Director and a 10% Owner of Destination XL Group, Inc. (NASDAQ:DXLG).

Mesdag DSU Award and Beneficial Ownership Details at Destination XL Group

According to the filing, Willem Mesdag, a director and 10% owner of Destination XL Group, Inc. (NASDAQ:DXLG), acquired 81,684 Deferred Stock Units on November 2, 2026. The DSUs were credited to Mesdag under the Company's Director Plan as his elected form of compensation for quarterly annual retainer and committee chairperson fees. The per-share value of $0.4546 was determined by the closing price of the company's common stock on October 30, 2026. Each DSU represents ownership equivalent to one share of the company's common stock, and the acquisition price is reported as $0.

The filing discloses that following the transaction, Mesdag beneficially owns 854,425 DSUs on a direct basis. Separately, the filing reports 2,593,758 shares of Common Stock, $0.01 par value, beneficially owned following the reported transaction, listed under indirect ownership. Per the filing's explanation of responses, that common stock figure includes 420,286 shares held by the Mesdag Family Limited Partnership, 97,529 shares held by the Mesdag Family Foundation, 44,746 shares held by the 2012 Mesdag Trust, 1,763,373 shares held by Red Mountain Capital Partners LLC, and 267,824 shares held by Red Mountain Capital Management, Inc. The filing notes that Mesdag "is the president, sole executive officer, sole director and sole shareholder of Red Mountain Capital Management, Inc." and that he "disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein."

The DSUs credited under the Director Plan are payable in the form elected or provided under the Director Plan on the earlier of Mesdag's date of separation of service, or upon death, disability, or change in control as defined in the Director Plan. The filing was signed by Willem Mesdag on November 4, 2026.

What Was Disclosed

This Form 4 discloses that director and 10% owner Willem Mesdag acquired 81,684 DSUs in Destination XL Group, Inc. on November 2, 2026, as director retainer compensation, bringing his total DSU holdings to 854,425, alongside indirect common stock holdings of 2,593,758 shares.