Form 4: Dillard's CEO William T. Dillard II Reports Gift of 5,000 Class A Shares

Dillard's CEO and Chairman, William T. Dillard II, reported a gift of 5,000 Class A common shares, reducing his direct beneficial ownership, as detailed in a recent SEC Form 4 filing.

Summary

• William T. Dillard II, who serves as CEO, Chairman of the Board, Director, and a 10% owner of Dillard's, Inc. (DDS), filed a Form 4.
• The filing reports a gift (Transaction Code 'G') of 5,000 shares of Common Class A stock.
• The transaction date for this gift is listed as June 24, 2025, with a price of $0 per share.
• Following this transaction, William T. Dillard II's direct beneficial ownership of Common Class A shares stands at 896,892.
• He also holds indirect beneficial ownership of 82 Common Class A shares through a Retirement Plan.
• An additional 41,496 Common Class A shares are indirectly held through W.D. Company, Inc., where Mr. Dillard 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.
• Furthermore, 7,300 Common Class A shares are indirectly held as a Trustee of a GST Trust.
• The reporting person disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by an insider, which is a neutral event regarding the company's operational performance or financial health. It reflects a personal transaction by a key executive.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider's personal stock transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Indirect beneficial ownership of 41,496 Common Class A shares through W.D. Company, Inc., where the reporting person 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.
• Indirect beneficial ownership of 7,300 Common Class A shares as a Trustee of a GST Trust.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in the CEO's direct beneficial ownership, which is a personal transaction and not indicative of company performance.

Key Dates

Keywords

Dillard's, DDS, SEC Form 4, insider transaction, beneficial ownership, stock gift, William T. Dillard II, CEO, Chairman, director