Dillard's SVP granted 13 Class A shares

Mahaffy Denise Dillard reported acquisition or exercise transactions in this 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 Mahaffy reported a small equity award. She received a grant of 13 shares of Class A common stock at $545.93 per share. Following this grant, she directly holds 166,574 Class A shares, plus 60 Class A shares in a retirement plan.

Mahaffy also has indirect ownership of 7,300 Class A shares held in a trust where she serves as trustee, and directly owns 273,724 shares of Class B common stock. The Class B shares are convertible into Class A on a one-for-one basis and have no expiration date, so they represent a substantial additional potential Class A position.

Insider Trade Summary

Grant/Award: 13 shares

Grant/Award 4 txns

Insider Mahaffy Denise Dillard

Role SENIOR VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	13	$545.93	$7K
holding	Common Class B	--	--	--
holding	Common Class A - Retirement Plan	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 166,574 shares (Direct); Common Class B — 273,724 contracts (Direct); Common Class A - Retirement Plan — 60 shares (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

Stock grant: 13 shares Grant price: $545.93/share Direct Class A holdings: 166,574 shares +4 more

7 metrics

Stock grant 13 shares Class A common stock grant at $545.93 per share

Grant price $545.93/share Price for 13-share Class A grant

Direct Class A holdings 166,574 shares Class A shares directly owned after grant

Retirement plan Class A 60 shares Class A held in retirement plan

Trust-held Class A 7,300 shares Class A shares held indirectly via trust

Class B holdings 273,724 shares Direct Class B common stock, convertible 1:1 to Class A

Convertible ratio 1:1 Each Class B share convertible into one Class A share

Key Terms

Grant, award, or other acquisition, Common Class B, Retirement Plan, convertible, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Class B financial

""security_title": "Common Class B""

Retirement Plan financial

""security_title": "Common Class A - Retirement Plan""

convertible financial

"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.

beneficial ownership financial

"held by a trust for which the reporting person serves as trustee"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Dillard's (DDS) report for Denise Dillard Mahaffy?

Dillard's reported that director and senior vice president Denise Dillard Mahaffy received a grant of 13 shares of Class A common stock at $545.93 per share, adding to her existing direct and indirect equity holdings in the company.

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

After the reported grant, Denise Dillard Mahaffy directly holds 166,574 shares of Dillard's Class A common stock, plus 60 additional Class A shares held in a retirement plan, according to the Form 4 filing dated June 29, 2026.

What indirect Dillard's (DDS) holdings does Denise Dillard Mahaffy report?

The filing shows 7,300 Dillard's Class A shares held indirectly in a trust for which Denise Dillard Mahaffy serves as trustee. These trust-held shares are separate from her directly owned shares and are disclosed as indirect beneficial ownership.

What are Denise Dillard Mahaffy’s Class B holdings in Dillard's (DDS)?

She directly owns 273,724 shares of Dillard's Class B common stock. The filing notes these Class B shares are convertible into Class A common stock on a one-for-one basis and that the Class B shares have no expiration date.

How are Dillard's (DDS) Class B shares treated in relation to Class A shares?

The Form 4 states that each share of Dillard's Class B common stock is convertible at the holder’s option into one share of Class A common stock, with no expiration date on the Class B shares, indicating ongoing conversion flexibility.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/30/2026 - 05:08 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^*

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)
06/29/2026

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	06/29/2026		A		13	A	$545.93	166,574	D
Common Class A - Retirement Plan								60	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	273,724		273,724	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/ Denise Dillard Mahaffy By: Michael I. Draper, Attorney-in-Fact	06/30/2026
	** 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)