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

Dillard's Vice President Annemarie Jazic acquired 9 shares of Common Class A stock at $632.11 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Annemarie Jazic, Vice President of Dillard's, Inc. (DDS), acquired 9 shares of the company's Common Class A stock.
• The transaction occurred on December 29, 2025, at a price of $632.11 per share.
• This acquisition was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this transaction, Ms. Jazic beneficially owns a total of 95,965 shares of Common Class A stock, including direct holdings, retirement plan holdings, and indirect holdings through trusts and spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock acquisition by a Vice President under a pre-arranged 10b5-1 plan. While insider buying can be a positive signal, the small number of shares acquired limits its overall significance, making the sentiment neutral.

Positives

• An insider, the Vice President, acquired shares, which can be seen as a vote of confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled, non-discretionary purchase.

Negatives

• The number of shares acquired (9 shares) is relatively small in comparison to the total beneficial ownership, limiting its significance as a strong signal.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This routine insider transaction does not provide specific insights into broader industry trends or competitive landscape. It reflects an individual executive's investment activity in the company's stock.

Comparison to Industry Standards

• This filing is a standard disclosure of insider trading activity as required by the SEC.
• The transaction itself, a small acquisition under a 10b5-1 plan, is a a common occurrence for corporate executives and does not offer a basis for comparison to specific industry projects or results.

Related Party Transactions

• The filing details indirect beneficial ownership through trust accounts and a spouse, which are common related-party disclosures for insider holdings.

Stakeholder Impact

• The direct impact on shareholders, employees, customers, suppliers, or creditors is minimal, as this is a routine disclosure of an insider's personal stock transaction. It primarily provides transparency to investors regarding insider holdings.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Form 4, Beneficial Ownership, Stock Acquisition, Annemarie Jazic, Rule 10b5-1, Retail, Department Store