Dillard’s CEO granted 14 shares of Class A stock

DILLARD WILLIAM T II reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

DILLARD WILLIAM T II reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. (DDS) reported that William T. Dillard II, its CEO, Chairman of the Board, and a more-than-10% owner, received a grant/award of 14 shares of Common Class A stock on 2026-08-24 at a reported value of $638.19 per share.

Following this award, he holds 907,931 Class A shares directly960,246 shares of Common Class B stock held directly, which are convertible into Class A on a one-for-one basis and have no expiration date, and 7,300 Class A shares indirectly through a trust for which he serves as trustee.

Insider Trade Summary

Grant/Award: 14 shares

Grant/Award 3 txns

Insider DILLARD WILLIAM T II

Role CEO, CHAIRMAN OF BOARD

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	14	$638.19	$9K
holding	Common Class B F2	--	--	--
holding	Common Class A F1	--	--	--

Holdings After Transaction: Common Class A — 907,931 shares (Direct); Common Class B — 960,246 contracts (Direct); Common Class A — 7,300 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. The amount reported represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee.
2. F2. 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.

Key Figures

Grant/Award Shares: 14 shares of Common Class A Grant/Award Price per Share: $638.19 per share Direct Class A Holdings After Transaction: 907,931 shares +2 more

5 metrics

Grant/Award Shares 14 shares of Common Class A Grant, award, or other acquisition on 2026-08-24 (transaction code A)

Grant/Award Price per Share $638.19 per share Reported value for 14 shares of Common Class A granted on 2026-08-24

Direct Class A Holdings After Transaction 907,931 shares Total Common Class A shares held directly by William T. Dillard II after the award

Direct Class B Holdings 960,246 shares Common Class B shares held directly, convertible into Class A on a one-for-one basis

Indirect Class A Holdings 7,300 shares Common Class A shares held indirectly through a trust where the insider is trustee

Key Terms

Common Class A, Common Class B, convertible, one-for-one basis, +1 more

5 terms

Common Class A financial

"The amount reported represents shares of Issuer Class A Common Stock held"

Common Class B financial

"Shares of Issuer Class B Common Stock are convertible at the option"

convertible financial

"Common 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.

one-for-one basis financial

"convertible at the option of any holder thereof into shares of Issuer Class A Common Stock on a one-for-one basis"

no expiration date financial

"Issuer Class B Common Stock has no expiration date"

FAQ

What insider transaction did DDS report for William T. Dillard II on this Form 4?

DDS reported that William T. Dillard II received a grant/award of 14 shares of Common Class A stock on 2026-08-24 at a reported value of $638.19 per share. The transaction was coded as a grant, award, or other acquisition (code A).

How many DDS Class A shares does William T. Dillard II hold after this transaction?

After the award, William T. Dillard II holds 907,931 shares of DDS Common Class A stock directly. He also has 7,300 Class A shares indirectly through a trust for which he serves as trustee, as disclosed in the footnotes.

What DDS Class B holdings does William T. Dillard II report on this Form 4?

He reports holding 960,246 shares of DDS Common Class B stock directly. According to the filing, these Class B shares are convertible into Class A shares on a one-for-one basis and the Class B stock has no expiration date.

Was the DDS insider transaction a purchase or sale on the market?

No. The Form 4 describes the event as a grant, award, or other acquisition of 14 Class A shares (transaction code A), not a market purchase or sale. The filing shows no open-market buy or sell transactions for this date.

How are the indirect DDS holdings of William T. Dillard II structured?

The filing states that 7,300 DDS Class A shares are held by a trust for which William T. Dillard II serves as trustee. These shares are reported as indirect ownership, with the nature of ownership clarified in the footnote.

Does DDS indicate any expiration for the Class B to Class A convertibility?

No. The filing discloses that DDS Class B Common Stock is convertible at the option of any holder into Class A Common Stock on a one-for-one basis and that Class B Common Stock has no expiration date.

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Available on EDGAR 08/26/2026 - 06:20 PM Accepted by SEC EDGAR 08/26/2026 - 06:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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 II

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, CHAIRMAN OF BOARD

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Class A	08/24/2026		A		14	A	$638.19	907,931	D
Common Class A								7,300	I	See Footnote(1)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Class B	(2)							(2)	(2)	Common Class A	960,246		960,246	D

Explanation of Responses:

1. The amount reported represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee.

2. 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, II By: Julie Guymon, Attorney-in-Fact	08/26/2026
	** Signature of Reporting Person	Date
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)