Form 4: Dillard's President Alex Dillard Acquires Additional Class A Shares

Dillard's President and Director Alex Dillard reported the acquisition of 22 shares of Common Class A stock at a price of $416.79 per share, increasing his direct beneficial ownership.

Summary

• Alex Dillard, President and Director of Dillard's, Inc. (DDS), acquired 22 shares of Common Class A stock on May 27, 2025.
• The acquisition was made at a price of $416.79 per share.
• Following this transaction, Mr. Dillard directly beneficially owns 1,018,692 shares of Common Class A stock.
• Additionally, Mr. Dillard directly owns 82 shares of Common Class A stock through a Retirement Plan.
• Indirect beneficial ownership includes 41,496 shares of Common Class A stock held by W.D. Company, Inc., where Mr. Dillard owns 27.9% and serves as a director and officer.
• W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, convertible into Class A Common Stock on a one-for-one basis.
• Further indirect beneficial ownership includes 7,300 shares held by the Trustee of GST Trust and 36,560 shares owned by his spouse.
• Mr. Dillard disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key insider like the President and Director generally indicates positive sentiment and confidence in the company's future performance, which is a positive signal for investors.

Positives

• The acquisition of additional shares by a high-ranking insider like the President and Director, Alex Dillard, can signal confidence in the company's future prospects and valuation.
• The transaction increases Mr. Dillard's direct stake in the company, aligning his interests further with those of public shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Alex Dillard, as the reporting person, executed a transaction to acquire additional shares, which implicitly reflects a management decision to increase personal equity exposure to the company.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. Dillard's operates within the highly competitive department store retail sector.

Related Party Transactions

• Indirect beneficial ownership includes shares held by W.D. Company, Inc., where the reporting person owns 27.9% and is a director and officer.
• Indirect beneficial ownership also includes shares owned by the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal, potentially increasing confidence in the company's stock.
• The transaction aligns management's financial interests more closely with those of shareholders.

Key Dates

Keywords

Dillard's, DDS, Alex Dillard, Insider Trading, Stock Acquisition, Form 4, Beneficial Ownership, Retail, Department Store