Form 4: Dillard's Inc. Executive Phillip R. Watts Reports Acquisition of Common Stock
SEC Form 4 Filing
Senior Vice President Phillip R. Watts reports acquiring 159 shares of Dillard's Inc. Class A common stock at a price of $438.54 per share on April 30, 2024.
Summary
- On April 30, 2024, Phillip R. Watts, a Senior Vice President at Dillard's, Inc., acquired 159 shares of Class A common stock.
- The purchase price was $438.54 per share.
- Following the transaction, Watts directly owns 9,147 shares of Class A common stock.
- Watts also indirectly owns 10,194 shares of Class A common stock through a retirement plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the sentiment is neutral. The purchase of shares by an executive could be seen as a slightly positive signal, but it's a routine transaction.
Positives
- The executive's purchase of company stock could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. It is common for executives to periodically buy or sell shares of their company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the transaction where Phillip R. Watts acquired Dillard's Class A common stock. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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