Destination XL extends CEO Kanter's contract for three years through 2025 with amended terms

DESTINATION XL GROUP, INC.

Three-year term to April 2025; base salary $850k; annual bonus target 100% of base (range 50-200%); LTIP target 170% of base.
240,000 unvested performance shares expire if $8 stock price not hit by April 2023; if not, Board to grant new award by Dec 2023.
LTIP amended to add Structured Retirement provision with greater vesting; AIP expands eligibility to Job Level 15+, raises NEO participation (Stratton to 60%, Gaeta to 50%).
Press release announces extension; Chairman praises Kanter's pandemic leadership and digital expertise in building shareholder value.

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