Dillard's SVP gifts 400 shares of Class A stock

Rhea-AI Filing Summary

DILLARD'S, INC. (DDS) reports that Senior Vice President Phillip R. Watts made a bona fide gift of 400 shares of Common Class A on September 4, 2026. After the gift, he holds 8,746 Common Class A shares directly and 10,378 Common Class A shares through a retirement plan. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

400 shares gifted

Gift 2 txns

Insider Watts Phillip R.

Role SENIOR VICE PRESIDENT

Type	Security	Shares	Price	Value
Gift	Common Class A	400	$0.00	$0.00
holding	Common Class A - Retirement Plan	--	--	--

Holdings After Transaction: Common Class A — 8,746 shares (Direct); Common Class A - Retirement Plan — 10,378 shares (Direct)

Key Figures

Shares gifted: 400 shares Direct holdings after gift: 8,746 shares Retirement Plan holdings: 10,378 shares +1 more

4 metrics

Shares gifted 400 shares Bona fide gift of Common Class A on September 4, 2026

Direct holdings after gift 8,746 shares Common Class A shares held directly by Phillip R. Watts after the gift

Retirement Plan holdings 10,378 shares Common Class A - Retirement Plan holdings reported as of September 4, 2026

Reported price per share $0.00 per share Gift transfer of 400 Common Class A shares on September 4, 2026

Key Terms

bona fide gift, Common Class A, Retirement Plan

3 terms

bona fide gift regulatory

"The transaction code description is a bona fide gift of 400 shares"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Common Class A financial

"Security title for the 400-share gift is Common Class A"

Retirement Plan financial

"Common Class A - Retirement Plan is listed as a holding entry"

FAQ

What insider transaction did DDS report for Senior Vice President Phillip R. Watts?

DDS reported that Senior Vice President Phillip R. Watts made a bona fide gift of 400 Common Class A shares on September 4, 2026, at a reported price of $0.00 per share, reflecting the non-sale nature of the transfer.

How many DDS shares does Phillip R. Watts hold directly after this Form 4 transaction?

After the reported gift, Phillip R. Watts directly holds 8,746 Common Class A shares of DILLARD'S, INC., according to the Form 4 disclosure for September 4, 2026.

What DDS shares are reported for Phillip R. Watts in a retirement plan?

The Form 4 states that Phillip R. Watts has 10,378 Common Class A - Retirement Plan shares held directly following the holdings update dated September 4, 2026.

Was the DDS insider gift by Phillip R. Watts made under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported 400-share bona fide gift was not affirmed as made under a Rule 10b5-1 trading plan.

What transaction code is used for the DDS insider transaction reported by Phillip R. Watts?

The transaction is coded as "G", which the Form 4 describes as a bona fide gift of 400 Common Class A shares on September 4, 2026.

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

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Available on EDGAR 09/04/2026 - 04:25 PM Accepted by SEC EDGAR 09/04/2026 - 04:24 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^*

Watts Phillip R.

(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)

	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)
09/04/2026

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	09/04/2026		G		400	D	$0	8,746	D
Common Class A - Retirement Plan								10,378	D

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:

	/s/ Phillip R. Watts By: Julie Guymon, Attorney-in-Fact	09/04/2026
	** 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)