Form 4: Dillard's VP Acquires Shares in Open Market Transaction

Dillard's Corporate VP of Stores, Brant Musgrave, acquired 9 shares of Common Class A stock at $632.11 per share.

Summary

• Brant Musgrave, Corporate VP of Stores at Dillard's, Inc. (DDS), acquired 9 shares of Common Class A stock.
• The transaction occurred on December 29, 2025, at a price of $632.11 per share.
• Following this acquisition, Mr. Musgrave directly owns 3,279 shares of Common Class A stock.
• Additionally, Mr. Musgrave indirectly owns 8,461 shares of Common Class A stock through a retirement plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a corporate officer generally indicates a positive sentiment towards the company's prospects and valuation.

Positives

• An officer's acquisition of company stock signals confidence in the company's future performance and valuation.

Future Outlook

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

Industry Context

Insider buying, such as this transaction, is often interpreted by the market as a positive signal, indicating that company executives believe the stock is undervalued or expect positive developments. This can potentially boost investor confidence in the retail sector, particularly for Dillard's.

Related Party Transactions

• Brant Musgrave, Corporate VP of Stores, acquired 9 shares of Dillard's Common Class A stock, which is a related party transaction.

Stakeholder Impact

• Shareholders may view this insider purchase as a sign of management's confidence in the company, potentially leading to increased investor interest.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Stock Acquisition, Form 4, Brant Musgrave, Retail