Dillard's (NYSE: DDS) director receives 300-share restricted stock grant

Rhea-AI Filing Summary

WATTS J C JR reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. director J C Watts Jr reported receiving a grant of common Class A shares as compensation. He was awarded 300 shares on May 28, 2026 at a reportable value of $592.85 per share under the Dillard's, Inc. 2005 Non-Employee Director Restricted Stock Plan.

After this restricted stock award, Watts directly holds 10,550 common Class A shares. This was a compensation-related share grant, not an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WATTS J C JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	300	$592.85	$178K

Holdings After Transaction: Common Class A — 10,550 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 300 shares Grant price per share: $592.85 per share Total shares after transaction: 10,550 shares

3 metrics

Shares granted 300 shares Restricted stock award on May 28, 2026

Grant price per share $592.85 per share Reported value for common Class A shares granted

Total shares after transaction 10,550 shares Direct holdings of J C Watts Jr after the grant

Key Terms

Restricted Stock Plan, Grant, award, or other acquisition, Common Class A

3 terms

Restricted Stock Plan financial

"Shares were granted pursuant to the Dillard's, Inc. 2005 Non-Employee Director Restricted Stock Plan, as amended."

A restricted stock plan is a program where a company grants employees or executives shares that are held back until certain conditions are met, such as staying with the company for a set period or hitting performance goals. Think of it like a reward that unlocks over time; for investors it matters because these grants can dilute existing ownership when they vest and signal management’s incentives and confidence in future performance.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Class A financial

"security_title: Common Class A"

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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^*

WATTS J C JR

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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	05/28/2026		A		300(1)	A	$592.85	10,550	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:

1. Shares were granted pursuant to the Dillard's, Inc. 2005 Non-Employee Director Restricted Stock Plan, as amended.

	/s/ J.C. Watts, Jr. By: Julie Guymon, Attorney-in-Fact	06/01/2026
	** 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 DILLARD'S (DDS) disclose for J C Watts Jr?

DILLARD'S disclosed that director J C Watts Jr received a grant of 300 common Class A shares on May 28, 2026. The award was reported at $592.85 per share and was issued under the company’s 2005 Non-Employee Director Restricted Stock Plan.

Was the DDS insider transaction by J C Watts Jr a market purchase or a grant?

The DDS insider transaction was a grant, not a market purchase. Watts received 300 common Class A shares as a restricted stock award under the Dillard's, Inc. 2005 Non-Employee Director Restricted Stock Plan, categorized as a grant, award, or other acquisition.

How many DILLARD'S (DDS) shares does J C Watts Jr hold after the reported grant?

After the reported grant, J C Watts Jr directly holds 10,550 common Class A shares of DILLARD'S, INC. This total includes the 300 restricted shares granted on May 28, 2026, under the company’s 2005 Non-Employee Director Restricted Stock Plan.

At what value was the DDS share grant to J C Watts Jr reported?

The grant of 300 DILLARD'S common Class A shares to J C Watts Jr was reported at $592.85 per share. This figure represents the reportable price per share used in the Form 4 for the non-derivative restricted stock award transaction.

Under which plan was the DILLARD'S (DDS) share award to J C Watts Jr granted?

The 300-share award to J C Watts Jr was granted under the Dillard's, Inc. 2005 Non-Employee Director Restricted Stock Plan, as amended. This plan provides restricted stock grants to non-employee directors as part of their equity-based compensation.