Dillard's (DDS) CEO reports 23-share Class A stock grant and large holdings

Rhea-AI Filing Summary

DILLARD WILLIAM T II reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. director and CEO William T. Dillard II reported a small compensation-related stock grant. He received 23 shares of Class A common stock at $545.93 per share, bringing his directly held Class A position to 907,901 shares after the transaction.

He also directly holds 960,246 shares of Class B common stock, which are convertible into Class A common stock on a one-for-one basis with no expiration, and indirectly holds 7,300 Class A shares in a trust for which he serves as trustee. A prior adjustment moved 59 Class A shares from his retirement plan to a brokerage account, leaving 0 shares in the retirement plan.

Insights

Equity compensation analyst

Small equity grant updates an already large ownership position.

CEO and chairman William T. Dillard II reported an A-code transaction, meaning a grant, award, or other acquisition of 23 Class A shares at $545.93. This is compensation-related, not an open-market purchase, and therefore carries a weaker price-signal than a discretionary buy.

After the grant, he directly holds 907,901 Class A shares and 960,246 Class B shares that are convertible into Class A on a one-for-one basis, plus 7,300 Class A shares in a trust. The filing also records an earlier reclassification of 59 shares from a retirement plan to a brokerage account. Overall, the activity looks routine and does not materially change his substantial ownership stake.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider DILLARD WILLIAM T II

Role CEO, CHAIRMAN OF BOARD

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	23	$545.93	$13K
holding	Common Class B	--	--	--
holding	Common Class A - Retirement Plan	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 907,901 shares (Direct, null); Common Class B — 960,246 shares (Direct, null); Common Class A - Retirement Plan — 0 shares (Direct, null); Common Class A — 7,300 shares (Indirect, See Footnote)

Footnotes (1)

1. Form of Beneficial Ownership adjusted to reflect 59 shares of Dillard's, Inc (the "Issuer") Class A Common Stock that were transferred from the reporting person's retirement plan to a brokerage account on 06/17/26, adjusted for one share from 60 shares to reflect rounding. The amount reported represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee. 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

Equity grant: 23 Class A shares at $545.93 Direct Class A holdings: 907,901 shares Class B holdings: 960,246 shares +3 more

6 metrics

Equity grant 23 Class A shares at $545.93 A-code grant/award on June 29, 2026

Direct Class A holdings 907,901 shares Shares of Class A common stock held directly after transaction

Class B holdings 960,246 shares Class B shares convertible one-for-one into Class A, no expiration

Indirect Class A holdings 7,300 shares Class A shares held by a trust where he serves as trustee

Retirement plan balance 0 shares Class A shares in retirement plan after 59-share transfer to brokerage

Transferred shares 59 Class A shares Moved from retirement plan to brokerage account on June 17, 2026

Key Terms

Grant, award, or other acquisition, Form of Beneficial Ownership, convertible, one-for-one basis, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form of Beneficial Ownership financial

"Form of Beneficial Ownership adjusted to reflect 59 shares of Dillard's, Inc"

convertible financial

"Shares of Issuer Class B 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.

one-for-one basis financial

"convertible at the option of any holder thereof into shares of Issuer Class A Common Stock on a one-for-one basis"

trustee financial

"shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 05:01 PM Accepted by SEC EDGAR 06/30/2026 - 05:00 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^*

DILLARD WILLIAM T II

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, CHAIRMAN OF BOARD

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		23	A	$545.93	907,901(1)	D
Common Class A - Retirement Plan								0(1)	D
Common Class A								7,300	I	See Footnote(2)

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	(3)							(3)	(3)	Common Class A	960,246		960,246	D

Explanation of Responses:

1. Form of Beneficial Ownership adjusted to reflect 59 shares of Dillard's, Inc (the "Issuer") Class A Common Stock that were transferred from the reporting person's retirement plan to a brokerage account on 06/17/26, adjusted for one share from 60 shares to reflect rounding.

2. The amount reported represents shares of Issuer Class A Common Stock held by a trust for which the reporting person serves as trustee.

3. 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/ William T. Dillard, II 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)

FAQ

What did Dillard's (DDS) CEO William T. Dillard II report in this Form 4?

He reported receiving a grant or award of 23 Class A shares at $545.93 per share. This A-code transaction reflects equity compensation rather than an open-market trade, modestly increasing his directly held Class A stake to 907,901 shares.

How many Dillard's (DDS) Class A shares does the CEO own after the reported transaction?

Following the transaction, he directly holds 907,901 shares of Dillard's Class A common stock. He also indirectly holds 7,300 Class A shares in a trust where he serves as trustee, as disclosed in the filing’s ownership details.

What is the significance of the Dillard's (DDS) Class B shares in this Form 4?

The filing shows he holds 960,246 Class B shares, which are convertible into Class A common stock on a one-for-one basis. The Class B shares have no expiration date, providing a sizable potential Class A equivalent position.

Was the Dillard's (DDS) CEO buying or selling shares on the open market?

No open-market buys or sells are reported. The only share change is an A-code grant or award of 23 Class A shares at $545.93, which is a compensation-related acquisition rather than a discretionary market trade.

What happened to the Dillard's (DDS) shares in the CEO's retirement plan?

A footnote explains that 59 Class A shares were transferred from his retirement plan to a brokerage account on 06/17/26, with one share adjusted for rounding. After this transfer, the retirement plan position is reported as 0 shares.