Form 4: Dillard's Executive Vice President, Drue Matheny, Reports Changes in Beneficial Ownership

Drue Matheny, Executive Vice President of Dillard's, reports a disposition of 4,650 shares of Common Class A stock on March 26, 2024.

Summary

• Drue Matheny, an Executive Vice President at Dillard's, filed a Form 4 with the SEC on March 28, 2024.
• The report details changes in beneficial ownership of Dillard's Common Class A stock.
• On March 26, 2024, Matheny disposed of 4,650 shares of Common Class A stock.
• Following the transaction, Matheny directly owns 406,933 shares of Common Class A stock.
• Matheny also indirectly owns 7,300 shares through a GST Trust and 650 shares owned by their spouse.
• The disposition was marked with transaction code 'G', indicating a gift.
• The price per share for the disposed shares is listed as $0, consistent with a gift transaction.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. The disposition of shares could be for various personal reasons and doesn't necessarily reflect a negative outlook on the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates