Dillard’s EVP acquires shares via merger
DILLARD'S, INC. executive vice president Drue Matheny reported acquiring additional equity in connection with the merger of W.D.
Rhea-AI Filing Summary
DILLARD'S, INC. executive vice president Drue Matheny reported acquiring additional equity in connection with the merger of W.D. Company, Inc. into Dillard’s. She received 2,850 shares of Class A Common Stock and 273,724 shares of Class B Common Stock as merger consideration.
After these awards, she holds 404,129 Class A shares directly, 35,539 Class A shares in a retirement plan, and 273,724 Class B shares that are convertible into Class A on a one-for-one basis. The filing also reports 2,521 Class A shares held in a trust where she serves as trustee and 7,300 Class A shares held by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 276,574 shares
Grant/Award
5 txns
Insider
MATHENY DRUE
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Class B | 273,724 | $0.00 | $0.00 |
| Grant/Award | Common Class A | 2,850 | $0.00 | $0.00 |
| holding | Common Class A - Retirement Plan | -- | -- | -- |
| holding | Common Class A | -- | -- | -- |
| holding | Common Class A | -- | -- | -- |
Holdings After Transaction:
Common Class B — 273,724 contracts (Direct);
Common Class A — 404,129 shares (Direct);
Common Class A - Retirement Plan — 35,539 shares (Direct);
Common Class A — 9,821 shares (Indirect, See Footnote)
Footnotes (6)
- F1. On June 4, 2026, pursuant to the Agreement and Plan of Merger, dated as of March 20, 2026 (as amended, the "Merger Agreement"), by and among Dillard's, Inc. (the "Issuer"), W.D. Company, Inc., an Arkansas corporation ("WDC"), and Alex Dillard, solely in his capacity as the shareholder representative, WDC was merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger. The amount reported represents shares of Issuer Class A Common Stock acquired by the reporting person upon consummation of the Merger, in her capacity as a shareholder of WDC.
- F2. Each share of WDC common stock issued and outstanding immediately prior to the effective time of the Merger was automatically cancelled, and in exchange therefor, each WDC shareholder received such WDC shareholder's pro rata share of (a) up 41,496 shares of Issuer Class A Common Stock and up to 3,985,776 shares of Issuer Class B Common Stock and (b) the amount in cash equal to the sum of (i) WDC's cash and cash equivalents as of the closing date of the Merger, plus (ii) the value of other publicly traded securities owned by WDC (determined as described in the Merger Agreement).
- F3. The amount reported represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee.
- F4. The amount reported represents shares of Issuer Class A Common Stock held by the reporting person's spouse.
- F5. Shares of Issuer Class B Common Stock are convertible at the option of any holder thereof into shares of Issuer Class A Common Stock on a one-for-one basis. Issuer Class B Common Stock has no expiration date.
- F6. The amount reported represents shares of Issuer Class B Common Stock acquired by the reporting person upon consummation of the Merger, in her capacity as a shareholder of WDC.
Key Figures
Class A shares acquired: 2,850 shares
Class B shares acquired: 273,724 shares
Direct Class A holdings: 404,129 shares
+5 more
8 metrics
Class A shares acquired
2,850 shares
Merger consideration on June 4, 2026
Class B shares acquired
273,724 shares
Merger consideration on June 4, 2026
Direct Class A holdings
404,129 shares
Total Class A held directly after transaction
Retirement plan Class A
35,539 shares
Class A held in retirement plan after transaction
Trust Class A holdings
2,521 shares
Class A held by trust where she is trustee
Spousal Class A holdings
7,300 shares
Class A held by reporting person’s spouse
Potential Class A from Class B
273,724 shares
Class B convertible into Class A one-for-one
Maximum Class B pool
3,985,776 shares
Up to Class B shares allocated among WDC shareholders
Key Terms
Agreement and Plan of Merger, Class A Common Stock, Class B Common Stock, convertible, +2 more
6 terms
Agreement and Plan of Merger regulatory
"On June 4, 2026, pursuant to the Agreement and Plan of Merger, dated as of March 20, 2026..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Class A Common Stock financial
"shares of Issuer Class A Common Stock acquired by the reporting person upon consummation of the Merger"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"up to 3,985,776 shares of Issuer Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Shares of Issuer Class B Common Stock are convertible at the option of any holder thereof into shares of Issuer Class A Common Stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
retirement plan financial
"Common Class A - Retirement Plan"
trustee financial
"represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did DILLARD'S (DDS) executive Drue Matheny report in this Form 4?
Drue Matheny reported acquiring additional DILLARD'S equity tied to the W.D. Company, Inc. merger. She received Class A and Class B shares as consideration and now reports substantial direct, retirement-plan, trust, and spousal holdings of DILLARD'S Class A and Class B stock.
What are Drue Matheny’s reported DILLARD'S Class A holdings after these transactions?
Following the transactions, she reports 404,129 DILLARD'S Class A shares held directly. She also reports 35,539 Class A shares in a retirement plan, 2,521 Class A shares held by a trust where she is trustee, and 7,300 Class A shares held by her spouse.
AI-generated analysis. How Rhea-AI works. Not financial advice.
