Dillard's (NYSE: DDS) SVP reports small Class A stock grant

Rhea-AI Filing Summary

DILLARD'S, INC. director and senior vice president Denise Dillard Mahaffy reported an equity award of 10 shares of Common Class A stock, coded as a grant or other acquisition, at $570.32 per share. This appears to be compensation-related rather than an open-market purchase.

After the award, she directly holds 163,711 Common Class A shares, plus 60 shares in a retirement plan. She also has indirect ownership of 7,300 Common Class A shares as trustee of a GST Trust.

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	10	$570.32	$6K
holding	Common Class A - Retirement Plan	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 163,711 shares (Direct, null); Common Class A - Retirement Plan — 60 shares (Direct, null); Common Class A — 7,300 shares (Indirect, See Footnote)

Footnotes (1)

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Key Figures

Equity award size: 10 shares Grant price: $570.32 per share Direct holdings after grant: 163,711 shares +2 more

5 metrics

Equity award size 10 shares Common Class A grant coded as acquisition

Grant price $570.32 per share Value for Common Class A award

Direct holdings after grant 163,711 shares Common Class A, direct ownership

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

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

Key Terms

Grant, award, or other acquisition, Common Class A, Retirement Plan, Trustee of GST Trust

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Class A financial

"security_title: Common Class A"

Retirement Plan financial

"security_title: Common Class A - Retirement Plan"

Trustee of GST Trust financial

"footnote: Trustee of GST Trust"

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)
05/26/2026

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	05/26/2026		A		10	A	$570.32	163,711	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 By: Julie Guymon, Attorney-in-Fact	05/28/2026
	** 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 insider transaction did DDS executive Denise Dillard Mahaffy report?

Denise Dillard Mahaffy reported an award of 10 shares of Dillard's Common Class A stock. The transaction is coded as a grant or other acquisition, indicating a compensation-related award rather than an open-market purchase.

At what price was the DDS stock granted to Denise Dillard Mahaffy?

The 10-share award of Dillard's Common Class A stock was recorded at $570.32 per share. This price reflects the value used for the grant and helps investors understand the approximate dollar size of the compensation-related equity award.

How many Dillard's (DDS) shares does Denise Dillard Mahaffy now hold directly?

Following the reported grant, Denise Dillard Mahaffy directly holds 163,711 shares of Dillard's Common Class A stock. This figure shows her substantial ongoing equity stake in the company in addition to smaller direct holdings in a retirement plan account.

What indirect DDS holdings does Denise Dillard Mahaffy report through a trust?

She reports indirect ownership of 7,300 Dillard's Common Class A shares as trustee of a GST Trust. Indirect holdings indicate shares associated with a trust arrangement, adding to her overall reported economic exposure linked to Dillard's equity.

How many DDS shares does Denise Dillard Mahaffy hold in a retirement plan?

She reports 60 shares of Dillard's Common Class A stock in a retirement plan. This small retirement plan position complements her much larger direct holding and reflects another account where company stock is maintained under her name.

Is the DDS Form 4 transaction a buy or a compensation grant?

The Form 4 shows a compensation grant, not an open-market buy. The transaction is coded “A” for grant, award, or other acquisition, which typically reflects equity compensation provided by the company rather than shares purchased on the open market.