Form 4: Dillard's SVP Acquires Shares

Dillard's Senior Vice President Chris B. Johnson acquired 10 shares of Common Class A stock at $614.41 per share.

Summary

• Chris B. Johnson, Senior Vice President of Dillard's, Inc. (DDS), acquired 10 shares of Common Class A stock.
• The transaction occurred on November 24, 2025, at a price of $614.41 per share.
• Following this acquisition, Chris B. Johnson directly beneficially owns 9,382 shares of Common Class A stock.
• Additionally, 9,275 shares of Common Class A stock are indirectly beneficially owned through a Retirement Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The acquisition of shares by a Senior Vice President is generally a positive signal, indicating confidence in the company. However, the small number of shares (10) limits the overall impact on sentiment.

Positives

• Insider acquisition of shares, even a small amount, can signal management's confidence in the company's future prospects.
• The transaction was conducted under a Rule 10b5-1 plan, which demonstrates a pre-planned and systematic approach to stock transactions, often used to avoid accusations of trading on material non-public information.

Future Outlook

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

Industry Context

Insider buying, even in small quantities, can be interpreted by the market as a positive signal, suggesting that company executives believe the stock is undervalued or that future performance will be strong. This is a routine disclosure for publicly traded companies.

Comparison to Industry Standards

• Insider transactions are a standard disclosure requirement across all publicly traded companies in the U.S., mandated by the SEC under Section 16(a) of the Securities Exchange Act of 1934.
• The use of a Rule 10b5-1 plan for insider transactions is a common practice among executives to manage their stock holdings while adhering to insider trading regulations, demonstrating a commitment to compliance.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the insider purchase as a minor positive indicator of management's confidence in the company's value and future prospects.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Form 4, Stock Acquisition, Chris B. Johnson, Retail, Department Store