other
confidence high
sentiment neutral
materiality 0.40
CEO Harvey Kanter adopts 10b5-1 plan to sell up to 240,000 shares; gifts 605,673 shares to trust
DESTINATION XL GROUP, INC.
- CEO adopted Rule 10b5-1 trading plan for sale of up to 240,000 shares from unvested PSU tranche.
- Trading plan effective until March 16, 2022, unless earlier terminated.
- Kanter gifted 605,673 shares of common stock to an irrevocable trust for his family's benefit.
- Gift and plan stated to be for estate/financial planning and long-term investment diversification.