Form 4: Dillard's EVP Dillard Acquires Shares

Mike Dillard, Executive Vice President and Director of Dillard's, Inc., acquired 23 shares of Common Class A stock.

Summary

• Mike Dillard, Executive Vice President and Director of Dillard's, Inc. (DDS), acquired 23 shares of Common Class A stock.
• The transaction took place on October 27, 2025, at a price of $623.52 per share.
• Following this acquisition, Mr. Dillard directly beneficially owns 536,988 shares of Common Class A stock.
• He also indirectly beneficially owns 41,496 shares of Common Class A stock through W.D. Company, Inc., where he holds a 26.3% ownership interest and serves as a director and officer.
• W.D. Company, Inc. additionally holds 3,985,776 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis.
• An additional 7,300 shares of Common Class A stock are indirectly beneficially owned by Mr. Dillard as a Trustee of GST Trust.
• Mr. Dillard disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The acquisition of shares by an Executive Vice President and Director, while a small number, generally indicates management's confidence in the company's performance and future value, which is a positive signal for investors.

Positives

• An Executive Vice President and Director acquiring shares may signal confidence in the company's future prospects and valuation.

Risks

• No specific risks were detailed in this Form 4 filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership of 41,496 shares of Common Class A stock through W.D. Company, Inc., where the reporting person owns 26.3% and serves as a director and officer.

Stakeholder Impact

• Shareholders may interpret the insider purchase as a positive indicator of management's belief in the company's prospects.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Stock Acquisition, Executive Vice President, Director, SEC Form 4