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 May 28, 2024, Mike Dillard, Executive Vice President of Dillard's, Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
• The transaction involved the acquisition of 14 shares at a price of $450.25 per share.
• Following the reported transaction, Dillard directly owns 535,928 shares of Class A Common Stock.
• He also has indirect ownership through W.D. Company, Inc. (41,496 shares) and as a trustee of GST Trust (7,300 shares).
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: This is a routine filing; sentiment is neutral as it simply reports a transaction.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates