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

Executive Vice President Mike Dillard reports transactions involving Dillard's Class A Common Stock, including acquisitions and disposals, affecting his direct and indirect beneficial ownership.

Summary

• On May 7, 2024, Mike Dillard, Executive Vice President of Dillard's, Inc., reported changes in his beneficial ownership of Dillard's Class A Common Stock.
• Dillard acquired 82 shares of Class A Common Stock at a price of $447.83 per share.
• He also disposed of 79 shares from a retirement plan.
• Following these transactions, Dillard directly owns 535,914 shares of Class A Common Stock.
• Additionally, he indirectly owns 41,496 shares through W.D. Company, Inc., where he owns 26.3% and is a director and officer.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock convertible to Class A Common Stock.
• Dillard also indirectly owns 7,300 shares as a trustee of GST Trust and disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine filing, indicating standard insider trading activity. It doesn't inherently suggest positive or negative sentiment about the company's prospects.

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