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

Dillard's Vice President Tom W. Bolin reported the acquisition of 12 shares of Common Class A stock at $632.11 per share, effective December 29, 2025, under a Rule 10b5-1 plan.

Summary

• Tom W. Bolin, Vice President of Dillard's, Inc., acquired 12 shares of 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) plan, indicating a pre-arranged trading strategy.
• Following this transaction, Mr. Bolin directly owns 1,303 shares of Common Class A stock and indirectly owns 7,190 shares through a retirement plan.

Sentiment

Score: 6

Explanation: The acquisition of shares by a Vice President, even a small amount under a 10b5-1 plan, generally indicates a positive sentiment from management regarding the company's prospects. It is not a strong signal due to the small quantity and pre-planned nature, but it is not negative.

Positives

• An insider, Vice President Tom W. Bolin, acquired shares, which can be seen as a minor sign of confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned and systematic approach to share acquisition.

Future Outlook

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

Industry Context

This is an insider transaction for a retail company. Insider buying can sometimes signal management's belief in the company's value, potentially contrasting with broader retail sector trends if the sector is struggling. However, a small acquisition like this under a 10b5-1 plan is generally routine and not a strong indicator of significant industry shifts.

Comparison to Industry Standards

• This filing reports a routine insider stock acquisition under a pre-arranged plan. There are no specific results or metrics to compare against global benchmarks or comparable companies.
• Insider buying activity is common across industries, and the significance of such a small transaction is generally low unless it is part of a larger pattern.

Stakeholder Impact

• Shareholders: May view the insider purchase as a minor positive signal of management confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Dillard's, DDS, Insider Trading, Form 4, Share Acquisition, Tom W. Bolin, Rule 10b5-1, Retail Stock