Form 4: Dillard's CEO William T. Dillard II Reports Stock Transaction
SEC Form 4 Filing
Dillard's CEO William T. Dillard II reports the acquisition of 20 shares of Class A Common Stock at $450.25 per share.
Summary
- On May 28, 2024, William T. Dillard II, CEO and Chairman of the Board of Dillard's, Inc., acquired 20 shares of Common Class A stock at a price of $450.25 per share.
- Following this transaction, Dillard directly owns 916,736 shares of Common Class A stock.
- Dillard also indirectly owns 41,496 shares through W.D. Company, Inc., where he owns 27.4% and is 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.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock transaction: William T. Dillard II acquired 20 shares of Common Class A stock. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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