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

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 July 29, 2024, William T. Dillard II acquired 23 shares of Dillard's Class A Common Stock at a price of $389.57 per share.
• Following the transaction, Dillard directly owns 916,862 shares of Class A Common Stock.
• Dillard 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, which are convertible into Class A Common Stock on a one-for-one 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: The document is a routine regulatory filing, so the sentiment is neutral.

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

• The filing provides transparency to shareholders regarding the CEO's ownership stake in the company.

Key Dates