Dillard's executive receives 11 shares in award

Dillard's, Inc. senior vice president and director Denise Dillard Mahaffy acquired 11 shares of Class A common stock in a grant/award on September 28, 2026, reported at $673.69 per share.

Rhea-AI Filing Summary

Dillard's, Inc. senior vice president and director Denise Dillard Mahaffy acquired 11 shares of Class A common stock in a grant/award on September 28, 2026, reported at $673.69 per share. Her direct Class A holdings following the award were 166,664 shares. The report also lists 273,724 directly held Class B shares, convertible at the option of any holder into Class A shares on a one-for-one basis, and 7,300 Class A shares held by a trust for which she serves as trustee.

Insider Trade Summary

Grant/Award: 11 shares

Grant/Award 3 txns

Insider Mahaffy Denise Dillard

Role SENIOR VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	11	$673.69	$7K
holding	Common Class B F2	--	--	--
holding	Common Class A F1	--	--	--

Holdings After Transaction: Common Class A — 166,664 shares (Direct); Common Class B — 273,724 contracts (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

Class A shares acquired: 11 shares Reported per-share value: $673.69 per share Direct Class A shares following award: 166,664 shares +3 more

6 metrics

Class A shares acquired 11 shares Grant/award on September 28, 2026

Reported per-share value $673.69 per share Class A grant/award on September 28, 2026

Direct Class A shares following award 166,664 shares Reported following the September 28, 2026 transaction

Direct Class B shares 273,724 shares Convertible at the option of any holder into Class A shares

Class A shares held by trust 7,300 shares The reporting person serves as trustee

Conversion basis One-for-one Class B shares convertible into Class A shares

Key Terms

Class A Common Stock, Class B Common Stock, one-for-one basis, trustee

4 terms

Class A Common Stock financial

"Issuer Class A Common Stock held by a trust"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Class B Common Stock financial

"Issuer Class B Common Stock are convertible"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

one-for-one basis technical

"into shares of Issuer Class A Common Stock on a one-for-one basis"

trustee technical

"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.

FAQ

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How many DDS shares did Denise Dillard Mahaffy acquire?

Denise Dillard Mahaffy acquired 11 shares of Dillard's, Inc. Class A common stock in a grant/award on September 28, 2026, reported at $673.69 per share. Her direct Class A holdings following the award were 166,664 shares.

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

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Available on EDGAR 09/29/2026 - 06:31 PM Accepted by SEC EDGAR 09/29/2026 - 06:30 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)
09/28/2026

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	09/28/2026		A		11	A	$673.69	166,664	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	09/29/2026
	** 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)