Form 4: Dillard's Executive Vice President Mike Dillard Acquires Additional Shares

Dillard's Executive Vice President and Director Mike Dillard reported the acquisition of 19 shares of Common Class A stock on June 30, 2025, increasing his direct beneficial ownership.

Summary

• Mike Dillard, Executive Vice President and Director of Dillard's, Inc. (DDS), acquired 19 shares of Common Class A stock.
• The transaction occurred on June 30, 2025, at a price of $413.32 per share.
• Following this acquisition, Mike Dillard directly beneficially owns 536,941 shares of Common Class A stock.
• An adjustment was made to reflect 88 shares transferred from the reporting person's retirement plan to registered holdings on June 18, 2025, resulting in 0 shares in the retirement plan post-transaction.
• Indirect beneficial ownership includes 41,496 shares of Common Class A held by W.D. Company, Inc., where Mike Dillard 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.
• An additional 7,300 shares of Common Class A are indirectly beneficially owned as Trustee of GST Trust.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive indicates confidence in the company's future, which is generally viewed positively by the market, although the transaction size is small.

Positives

• The acquisition of shares by a key executive, Mike Dillard, signals confidence in the company's future prospects.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

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 document is an insider transaction report (Form 4), which details changes in beneficial ownership of company securities by an executive. Such filings are specific to individual companies and their insiders, rather than reflecting broader industry trends or competitive dynamics.

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 is a director and officer.
• Indirect beneficial ownership of 7,300 shares of Common Class A stock as Trustee of GST Trust.

Stakeholder Impact

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

Key Dates

Keywords

Dillard's, DDS, Mike Dillard, insider trading, Form 4, stock acquisition, beneficial ownership, executive, director