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Dillard’s exec granted 14 Class A shares at $638

Dillard William T. III reported acquisition or exercise transactions in this Form 4 filing.

(Neutral)
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Form Type
4

Rhea-AI Filing Summary

Dillard William T. III reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. (DDS) reported that director and senior vice president William T. Dillard III received a grant of 14 shares of Common Class A stock on August 24, 2026 at $638.19 per share, bringing his directly held Class A stake to 29,750 shares.

He also holds 70,445 shares of Class B Common Stock directly and additional Class B shares indirectly through a family trust and his spouse, each convertible into Class A on a one-for-one basis with no expiration date. In addition, 15,808 Class A shares are held directly in a retirement plan.

Positive

  • None.

Negative

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Insider Dillard William T. III
Role SENIOR VICE PRESIDENT
Type Security Shares Price Value
Grant/Award Common Class A 14 $638.19 $9K
holding Common Class B F3 -- -- --
holding Common Class B F3, F1 -- -- --
holding Common Class B F3, F2 -- -- --
holding Common Class A - Retirement Plan -- -- --
holding Common Class A F1 -- -- --
holding Common Class A F2 -- -- --
Holdings After Transaction: Common Class A — 29,750 shares (Direct); Common Class B — 70,445 contracts (Direct); Common Class B — 48,090 contracts (Indirect, See Footnote); Common Class A - Retirement Plan — 15,808 shares (Direct); Common Class A — 203,220 shares (Indirect, See Footnote)
Footnotes (3)
  1. F1. The amount reported represents shares held in trust for the benefit of the reporting person and his family, for which the reporting person serves as trustee.
  2. F2. The amount reported represents shares held by the reporting person's spouse.
  3. F3. 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.
Common Class A shares acquired 14 shares at $638.19 per share Grant, award, or other acquisition on 2026-08-24
Direct Common Class A holdings 29,750 shares Shares of Common Class A held directly after transaction
Direct Class B Common Stock holdings 70,445 shares (convertible 1-for-1 into Class A) Underlying 70,445 shares of Common Class A; direct derivative position
Trust-held Class B Common Stock 38,472 shares (convertible 1-for-1 into Class A) Held in trust for benefit of reporting person and family; indirect
Spouse-held Class B Common Stock 9,618 shares (convertible 1-for-1 into Class A) Held by reporting person’s spouse; indirect ownership
Retirement Plan Common Class A holdings 15,808 shares Common Class A - Retirement Plan, held directly
Class B Common Stock financial
"Shares of Issuer Class B Common Stock are convertible at the option"
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
"Class B Common Stock are convertible at the option of any holder"
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.
indirect ownership financial
"ownership_type" : "indirect", "nature_of_ownership" : "See Footnote""
retirement plan financial
"security_title" : "Common Class A - Retirement Plan""
trust financial
"represents shares held in trust for the benefit of the reporting"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

What transaction did William T. Dillard III report in this DDS Form 4?

He reported a grant of 14 shares of Dillard’s Common Class A stock on August 24, 2026 at $638.19 per share, classified as a grant, award, or other acquisition, increasing his directly held Class A position to 29,750 shares.

How many Dillard’s (DDS) Class A shares does William T. Dillard III hold directly after this filing?

After the reported grant, he holds 29,750 shares of Common Class A stock directly, plus 15,808 Class A shares held directly in a retirement plan, as disclosed in the Form 4.

How many Dillard’s (DDS) shares are held indirectly for William T. Dillard III via a trust?

The Form 4 states that 38,472 shares of Class B Common Stock, convertible into 38,472 shares of Class A, are held in a trust for the benefit of the reporting person and his family, for which he serves as trustee.

What Dillard’s (DDS) holdings are reported as owned by William T. Dillard III’s spouse?

The filing reports that 9,618 shares of Class B Common Stock, convertible into 9,618 shares of Class A, are held by the reporting person’s spouse. These are reported as indirect ownership interests.

Are Dillard’s (DDS) Class B shares convertible into Class A for William T. Dillard III?

Yes. The Form 4 notes that shares of Issuer Class B Common Stock are convertible at the option of any holder into Class A Common Stock on a one-for-one basis, and that the Class B stock has no expiration date.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dillard William T. III

(Last)(First)(Middle)
1600 CANTRELL RD

(Street)
LITTLE ROCK ARKANSAS 72201

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
DILLARD'S, INC. [ DDS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
SENIOR VICE PRESIDENT
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Class A08/24/2026A14A$638.1929,750D
Common Class A - Retirement Plan15,808D
Common Class A189,465ISee Footnote(1)
Common Class A13,755ISee Footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Class B(3) (3) (3)Common Class A70,44570,445D
Common Class B(3) (3) (3)Common Class A38,47238,472ISee Footnote(1)
Common Class B(3) (3) (3)Common Class A9,6189,618ISee Footnote(2)
Explanation of Responses:
1. The amount reported represents shares held in trust for the benefit of the reporting person and his family, for which the reporting person serves as trustee.
2. The amount reported represents shares held by the reporting person's spouse.
3. 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.
/s/ William T. Dillard, III By: Julie Guymon, Attorney-in-Fact08/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)