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

William T. Dillard III, Senior Vice President and Director of Dillard's, Inc., acquired 14 shares of Common Class A stock at $614.41 per share under a Rule 10b5-1 plan.

Summary

• William T. Dillard III, a Director and Senior Vice President of DILLARD'S, INC. (DDS), acquired 14 shares of Common Class A stock.
• The transaction occurred on November 24, 2025, with each share priced at $614.41.
• The acquisition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.
• Following this transaction, William T. Dillard III beneficially owns a total of 250,217 shares of Common Class A stock.
• This total includes 31,734 shares held directly, 15,763 shares held directly in a retirement plan, 189,065 shares held indirectly as a trustee for family, and 13,655 shares owned indirectly by a spouse.

Sentiment

Score: 7

Explanation: The acquisition of shares by a Senior Vice President and Director, even a small amount, under a pre-arranged 10b5-1 plan, generally indicates continued confidence in the company's long-term prospects.

Positives

• An insider, William T. Dillard III, acquired shares, which can signal confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled purchase rather than a reaction to immediate market events.

Future Outlook

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

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership includes 189,065 shares held as a trustee for the benefit of the reporting person and his family.
• Indirect beneficial ownership also includes 13,655 shares owned by the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the insider acquisition as a positive signal of management's confidence in the company's value.

Key Dates

Keywords

Dillard's, DDS, Form 4, Insider Trading, Stock Acquisition, William T. Dillard III, 10b5-1 Plan, Retail, Department Store