Form 4: Dillard's EVP Mike Dillard Acquires Class A Shares

Dillard's Executive Vice President and Director Mike Dillard acquired 10 shares of Common Class A stock at $614.41 per share.

Summary

• Mike Dillard, an Executive Vice President and Director of Dillard's, Inc. (DDS), acquired 10 shares of Common Class A stock.
• The transaction occurred on November 24, 2025, at a price of $614.41 per share.
• Following this transaction, Mike Dillard directly beneficially owns 536,998 shares of Common Class A stock.
• Additionally, Mike Dillard indirectly beneficially owns 41,496 shares of Common Class A stock through W.D. Company, Inc., where he owns 26.3% and serves as a director and officer.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, convertible into Class A Common Stock on a one-for-one basis.
• Mike Dillard also indirectly beneficially owns 7,300 shares of Common Class A stock as a Trustee of GST Trust.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive and director is generally a positive signal, indicating confidence in the company. However, the number of shares acquired (10) is very small relative to the company's size and the insider's total holdings, limiting the overall positive impact.

Positives

• An insider, who is both an Executive Vice President and a Director, acquiring shares can signal management's confidence in the company's future prospects.

Future Outlook

This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

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 filing reports a routine insider transaction and does not provide broader industry context or competitive analysis.

Related Party Transactions

• Indirect beneficial ownership of 41,496 Common Class A shares through W.D. Company, Inc., where the reporting person owns 26.3% and serves as a director and officer.
• Indirect beneficial ownership of 7,300 Common Class A shares as a Trustee of GST Trust.

Stakeholder Impact

• Shareholders may view the insider purchase as a minor positive signal of management's confidence in the company's valuation and future prospects.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Form 4, Stock Acquisition, Mike Dillard, Executive Vice President, Director, Common Class A