Form 4: Dillard's CEO William T. Dillard II Reports Changes in Beneficial Ownership

Dillard's CEO William T. Dillard II reports acquisition and disposal of company stock, along with indirect ownership details.

Summary

• On February 10, 2025, William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 3 shares of Common Class A stock at a price of $469.18 per share.
• He also reported indirect ownership of 41,496 shares through W.D. Company, Inc., where he owns 27.4% and serves as a director and officer.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis.
• Additionally, he reported indirect ownership of 7,300 shares as a trustee of GST Trust.
• Dillard disclaims beneficial ownership of the indirectly owned shares, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine filing; the sentiment is neutral as it simply reports transactions and ownership details.

Management Comments

• The reporting person disclaims beneficial ownership of the shares reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in the CEO's ownership stake in the company.

Key Dates