Let \(\mathbb {G}\) be a connected reductive group over \(\mathcal {O}\) , a complete discrete valuation ring with finite residue field \(\mathbb {F}_q\) . Let \(R_{T_r,U_r}^{\theta }\) be a level r Deligne–Lusztig representation of \(\mathbb {G}(\mathcal {O})\) , where r is a positive integer. We show that, if q is not small, and if T is Coxeter and \(\theta =1\) , then \(R_{T_r,U_r}^1\) degenerates to the \(r=1\) case. For \(\mathbb {G}=\textrm{GL}_2\) (or \(\textrm{SL}_2\) ), as an application we give the dimensions and decompositions of all \(R_{T_r,U_r}^{\theta }\) for Coxeter T. This in turn leads us to state a conjectural sign formula for \(R_{T_r,U_r}^{\theta }\) , for general \((\mathbb {G}, T, \theta ,r)\) .