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

Dillard's President Alex Dillard reported the acquisition of 27 Class A Common Shares at $413.32 per share, increasing his direct beneficial ownership to 1,018,800 shares.

Summary

• Alex Dillard, who serves as President, Director, and a 10% Owner of Dillard's, Inc. (DDS), reported a transaction on June 30, 2025.
• The transaction involved the acquisition of 27 Common Class A shares at a price of $413.32 per share.
• Following this acquisition, Alex Dillard's direct beneficial ownership of Common Class A shares stands at 1,018,800.
• Indirect beneficial ownership includes 41,496 Common Class A shares held by W.D. Company, Inc., where Alex Dillard owns 27.9% 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 one-for-one basis.
• Additional indirect beneficial ownership includes 7,300 Common Class A shares as Trustee of GST Trust and 36,560 Common Class A shares owned by his spouse.
• An adjustment to beneficial ownership occurred on June 18, 2025, when 81 shares were transferred from the reporting person's retirement plan to registered holdings.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key insider, Alex Dillard, generally indicates management's confidence in the company's future performance.

Positives

• Alex Dillard, a key insider holding multiple leadership roles (President, Director, 10% Owner), acquired additional shares, which can signal confidence in the company's future prospects and valuation.

Future Outlook

NA

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

This Form 4 filing reflects an insider transaction by a key executive at Dillard's, Inc., a prominent department store chain. While not directly indicative of broader industry trends, insider purchases can sometimes signal management's confidence in the company's performance within the competitive retail sector.

Related Party Transactions

• Indirect beneficial ownership of 41,496 shares through W.D. Company, Inc., where the reporting person owns 27.9% 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.
• Indirect beneficial ownership of 7,300 shares as Trustee of GST Trust.
• Indirect beneficial ownership of 36,560 shares owned by spouse.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of management's belief in the company's value and future performance.

Key Dates

Keywords

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