Form 4: Dillard's SVP Dillard III Acquires 18 Shares

William T. Dillard III, Senior Vice President and Director of Dillard's, Inc., reported the acquisition of 18 shares of Common Class A stock.

Summary

• William T. Dillard III, Senior Vice President and Director of Dillard's, Inc. (DDS), reported the acquisition of 18 shares of Common Class A stock.
• The transaction occurred on September 29, 2025, at a price of $622.5 per share.
• Following this acquisition, direct beneficial ownership for William T. Dillard III is 31,706 shares.
• Indirect beneficial ownership includes 15,763 shares in a retirement plan, 189,065 shares held in trust, and 13,655 shares owned by his spouse.
• An adjustment was made to a previous Form 4 filing from February 3, 2025, to correct the beneficial ownership of 3,300 shares from indirect to direct ownership, along with a 2-share rounding adjustment.

Sentiment

Score: 7

Explanation: The acquisition of shares by a Senior Vice President and Director is a positive signal of management confidence, though the transaction size of 18 shares is relatively small.

Positives

• A Senior Vice President and Director acquired additional shares, signaling confidence in the company's future prospects.
• The transaction increases the direct stake of a key executive in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• An adjustment was made to a previous Form 4 filing from February 3, 2025, correcting the beneficial ownership of 3,300 shares that were inadvertently reflected as a gift from indirect ownership instead of direct ownership.
• Shares are indirectly held in trust for the benefit of the reporting person and his family.
• Shares are indirectly owned by the reporting person's spouse.

Stakeholder Impact

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

Key Dates

Recommendation

While the acquisition of shares by a Senior Vice President and Director indicates management confidence, the transaction size of 18 shares is too small to warrant a change in investment recommendation. It serves as a minor positive signal for existing shareholders.

Keywords

Dillard's, DDS, insider trading, stock acquisition, beneficial ownership, William T. Dillard III, retail