Form 4: Dillard's EVP Gifts Shares Under 10b5-1 Plan

Dillard's Executive Vice President Drue Matheny reported gifting 3,000 shares of Common Class A stock under a Rule 10b5-1 plan.

Summary

• Drue Matheny, an Executive Vice President and Director of Dillard's, Inc. (DDS), reported a transaction involving the company's Common Class A stock.
• On December 17, 2025, Matheny gifted 3,000 shares of Common Class A stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The price per share for the gifted securities was $0.
• Following this transaction, Drue Matheny beneficially owns 400,962 shares of Common Class A directly, 36,648 shares directly in a Retirement Plan, 7,300 shares indirectly as Trustee of a GST Trust, and 2,521 shares indirectly owned by a spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine insider gift of shares executed under a Rule 10b5-1 plan, which is a common personal financial planning activity and does not directly reflect on the company's operational performance or future prospects. The pre-planned nature of the transaction makes it an expected disclosure.

Negatives

• The transaction represents a reduction of 3,000 shares in the direct beneficial ownership of Common Class A stock by an executive and director.

Future Outlook

NA

Industry Context

This filing is an insider transaction report and does not provide information related to broader industry trends or competitive landscape. It is specific to an individual executive's stock holdings.

Stakeholder Impact

• Shareholders may note a slight reduction in direct insider ownership, though the transaction is a personal financial planning event and not indicative of operational performance.

Key Dates

Recommendation

This Form 4 filing reports a routine insider gift of shares and does not contain information that would warrant a change in investment recommendation for Dillard's, Inc. The transaction is a personal financial matter for the executive and does not reflect on the company's fundamental performance or outlook.

Keywords

Dillard's, DDS, Form 4, Insider Transaction, Stock Gift, Drue Matheny, Executive Vice President, Director, 10b5-1 Plan