Form 4: Dillard's Executive Vice President Mike Dillard Reports Stock Transaction

Executive Vice President Mike Dillard reports a transaction involving Dillard's Class A Common Stock.

Summary

• On February 10, 2025, Mike Dillard, Executive Vice President of Dillard's, Inc., reported a transaction involving the company's Class A Common Stock.
• Dillard acquired 2 shares of Class A Common Stock at a price of $469.18.
• Following the transaction, Dillard directly owns 536,515 shares of Class A Common Stock.
• Dillard also 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 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: This is a routine regulatory filing, and the transaction itself is small. Therefore, the sentiment is neutral.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure when a company insider, such as an executive officer or director, buys or sells shares of the company's stock. It provides transparency to the market regarding insider transactions.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency and compliance with SEC regulations.
• Similar filings are made by executives at companies like Macy's (M), Nordstrom (JWN), and Kohl's (KSS) when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.

Key Dates