Form 4: Dillard's Executive Vice President Mike Dillard Reports Changes in Beneficial Ownership

Executive Vice President Mike Dillard reports a transaction involving Dillard's Class A Common Stock, resulting in adjustments to his direct and indirect beneficial ownership.

Summary

• On July 29, 2024, Mike Dillard, Executive Vice President of Dillard's, Inc., reported a transaction involving the company's Class A Common Stock.
• The transaction involved the acquisition of 16 shares at a price of $389.57 per share.
• Following the transaction, Dillard directly owns 536,041 shares of Class A Common Stock.
• Dillard also indirectly owns 41,496 shares through W.D. Company, Inc., in which he holds a 26.3% ownership and serves as a director and officer.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, convertible to Class A on a 1:1 basis.
• Additionally, Dillard indirectly owns 7,300 shares as a trustee of GST Trust.
• Dillard disclaims beneficial ownership of the indirectly owned shares, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

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 is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates