Form 4: Dillard's CEO, William T. Dillard II, Reports Share Transaction

William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., reported a disposition of 10,000 shares of Class A Common Stock on November 27, 2024.

Summary

• William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• On November 27, 2024, Mr. Dillard disposed of 10,000 shares of Class A Common Stock at a price of $0.
• Following this transaction, Mr. Dillard directly owns 906,992 shares of Class A Common Stock.
• He also indirectly owns 41,496 shares through W.D. Company, Inc., where he holds a 27.4% ownership and is a director and officer.
• Additionally, he indirectly owns 7,300 shares through a GST Trust.
• Mr. Dillard disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a routine transaction. There is no positive or negative sentiment associated with the filing itself.

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

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of indirect ownership through entities like W.D. Company, Inc. and GST Trust is also typical, with clear disclaimers of beneficial ownership beyond pecuniary interest.
• Similar filings can be seen from executives at comparable retailers such as Macy's (M), Kohl's (KSS), and Nordstrom (JWN), where insider transactions are regularly disclosed.

Stakeholder Impact

• The transaction may be of interest to shareholders as it reflects changes in the ownership of a key executive.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

Dillard's, William T. Dillard II, Form 4, Beneficial Ownership, Class A Common Stock, Share Transaction, SEC Filing, Insider Trading