Form 4: Dillard's CEO William T. Dillard II Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
Summary
- On September 30, 2024, William T. Dillard II reported transactions involving Dillard's Class A Common Stock.
- He acquired 29 shares at a price of $393.38 per share.
- Following the reported transactions, Dillard directly owns 916,806 shares of Class A Common Stock.
- He also indirectly owns 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, convertible to Class A on a 1:1 basis.
- Additionally, Dillard indirectly owns 7,300 shares as a trustee of the 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 changes in ownership.
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
- The filing provides transparency to shareholders regarding the CEO's ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction involving Dillard's Class A Common Stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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