Form 4: Dillard's SVP Acquires Shares Under 10b5-1 Plan

Dillard's Senior Vice President and Director, Denise Dillard Mahaffy, acquired 9 shares of Common Class A stock at $623.52 per share under a pre-arranged 10b5-1 plan.

Summary

• Denise Dillard Mahaffy, a Director and Senior Vice President of Dillard's, Inc. (DDS), acquired 9 shares of Common Class A stock.
• The transaction occurred on October 27, 2025, at a price of $623.52 per share.
• This acquisition was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Ms. Mahaffy directly beneficially owns 163,505 shares of Common Class A stock.
• Additionally, Ms. Mahaffy indirectly beneficially owns 7,300 shares of Common Class A stock as a Trustee of a GST Trust.

Sentiment

Score: 5

Explanation: This is a neutral filing, reporting a routine insider stock acquisition under a pre-arranged plan, which does not inherently indicate positive or negative sentiment about the company's performance or prospects.

Future Outlook

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

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects an individual executive's activity within Dillard's, a department store chain.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider stock ownership changes, which can be a factor in investment decisions, though the small transaction size limits significant impact.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Form 4, Stock Acquisition, Denise Dillard Mahaffy, 10b5-1 Plan, Retail, Department Store