Form 4: Dillard's President Alex Dillard Acquires Shares

Dillard's President Alex Dillard reported the acquisition of 15 shares of Common Class A stock at $614.41 per share, increasing his direct beneficial ownership.

Summary

• Alex Dillard, President, Director, and 10% Owner of Dillard's, Inc. (DDS), acquired 15 shares of Common Class A stock.
• The transaction occurred on November 24, 2025, at a price of $614.41 per share.
• Following this transaction, Dillard directly beneficially owns 1,018,882 shares of Common Class A.
• He also indirectly beneficially owns 41,496 shares through W.D. Company, Inc., 7,300 shares as Trustee of GST Trust, and 36,561 shares owned by his spouse.
• W.D. Company, Inc., in which Dillard owns 27.9% and serves as a director and officer, also holds 3,985,776 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock on a one-for-one basis.
• Dillard disclaims beneficial ownership of indirectly held shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key insider (President, Director, 10% Owner) at a significant price generally indicates confidence in the company's prospects, which is a positive signal for investors.

Positives

• An insider (President, Director, and 10% Owner) acquired shares, which can be interpreted as a vote of confidence in the company's future prospects.
• The acquisition was made at a price of $614.41 per share, reflecting a current market 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

NA

Related Party Transactions

• Indirect beneficial ownership of 41,496 Common Class A shares through W.D. Company, Inc., where Alex Dillard owns 27.9% and is a director and officer.
• Indirect beneficial ownership of 36,561 Common Class A shares owned by Alex Dillard's spouse.

Stakeholder Impact

• Shareholders: The insider purchase may signal management's confidence in the company's valuation and future performance, potentially influencing investor sentiment positively.

Key Dates

Recommendation

The acquisition of 15 shares by President Alex Dillard, who is also a Director and 10% owner, at a price of $614.41 per share, is a positive signal indicating management's confidence in Dillard's, Inc. While the number of shares acquired is relatively small compared to his total holdings, insider buying generally suggests a belief in the company's future prospects. This action reinforces a 'hold' recommendation for investors, suggesting continued monitoring of the company's performance and broader market conditions.

Keywords

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