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

Dillard's CEO, William T. Dillard II, reported a transaction involving 1,500 shares of Class A Common Stock on December 11, 2024.

Summary

• William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., filed a Form 4 indicating a transaction involving the company's stock.
• The transaction occurred on December 11, 2024, and involved the disposition of 1,500 shares of Class A Common Stock.
• The shares were disposed of at a price of $0, which suggests a gift, transfer, or other non-market transaction.
• Following the transaction, Mr. Dillard directly owns 905,492 shares of Class A Common Stock.
• He also indirectly owns 41,496 shares through W.D. Company, Inc. and 7,300 shares through a GST Trust.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, which are convertible into Class A shares on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports a stock transaction.

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 stock ownership of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is not unusual for a CEO and major shareholder, and the disclosure is in line with SEC regulations.
• Other companies such as Macy's, Kohl's, and Nordstrom also have similar filings when their executives trade company stock.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the stock transactions of the company's CEO.

Key Dates

Keywords

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