Dillard's (DDS) senior VP receives 86-share equity award in Form 4 filing

Rhea-AI Filing Summary

Mahaffy Denise Dillard reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. director and senior vice president Denise Dillard reported an equity award in the form of 86 shares of Common Class A stock at $594.31 per share. After this grant, she directly holds 163,701 Common Class A shares.

The filing also shows 60 Common Class A shares held directly in a retirement plan and 7,300 Common Class A shares held indirectly as trustee of a GST Trust, reflecting additional indirect ownership reported in this Form 4.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Mahaffy Denise Dillard

Role SENIOR VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	86	$594.31	$51K
holding	Common Class A - Retirement Plan	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 163,701 shares (Direct, null); Common Class A - Retirement Plan — 60 shares (Direct, null); Common Class A — 7,300 shares (Indirect, See Footnote)

Footnotes (1)

1. [object Object]

Key Figures

Equity award shares: 86 shares Award price per share: $594.31/share Direct holdings after grant: 163,701 shares +2 more

5 metrics

Equity award shares 86 shares Grant of Common Class A at $594.31 per share

Award price per share $594.31/share Price for 86-share Common Class A grant

Direct holdings after grant 163,701 shares Common Class A directly held after award

Retirement plan holdings 60 shares Common Class A - Retirement Plan, direct

Indirect trust holdings 7,300 shares Common Class A held indirectly as trustee of GST Trust

Key Terms

grant/award acquisition, Common Class A - Retirement Plan, Trustee of GST Trust

3 terms

grant/award acquisition financial

"transaction_action: "grant/award acquisition" describing the 86-share award"

Common Class A - Retirement Plan financial

"security_title: "Common Class A - Retirement Plan" for 60 shares"

Trustee of GST Trust financial

"footnote text: "Trustee of GST Trust" describing indirect holdings"

Form 4 Insider Transactions: What Each Field Means →

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^*

Mahaffy Denise Dillard

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	SENIOR VICE PRESIDENT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

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	04/27/2026		A		86	A	$594.31	163,701	D
Common Class A - Retirement Plan								60	D
Common Class A								7,300(1)	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

Explanation of Responses:

1. Trustee of GST Trust

	/s/ Denise Dillard Mahaffy	04/29/2026
	** 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)

FAQ

What did Denise Dillard report in this Dillard's (DDS) Form 4 filing?

Denise Dillard reported receiving an equity award of 86 shares of Dillard's Common Class A stock at $594.31 per share. The filing also updates her direct and indirect ownership totals across regular holdings, a retirement plan, and a trust arrangement.

How many Dillard's (DDS) shares did Denise Dillard receive as an award?

She received a grant of 86 shares of Dillard's Common Class A stock. The transaction is coded as a grant or award acquisition, meaning it represents compensation-related stock rather than an open-market share purchase, at a reported price of $594.31 per share.

What are Denise Dillard’s total direct Dillard's (DDS) share holdings after this Form 4?

After the reported grant, Denise Dillard directly holds 163,701 shares of Dillard's Common Class A stock. In addition, she directly holds 60 Common Class A shares through a retirement plan, providing a clearer picture of her direct equity exposure to the company.

What indirect Dillard's (DDS) holdings are reported for Denise Dillard?

The Form 4 shows 7,300 Dillard's Common Class A shares held indirectly, with a footnote stating she is trustee of a GST Trust. This indicates the shares are held through the trust structure rather than purely in her personal direct account.

Was this Dillard's (DDS) Form 4 a market purchase or sale of shares?

No, the key transaction is coded as an award acquisition, not a market trade. Denise Dillard received 86 shares as a grant at $594.31 per share, reflecting compensation rather than an open-market buy or sell decision in this filing.