DDS ownership update: Newport Trust reports 38.84% via 13G/A

Rhea-AI Filing Summary

Newport Trust Company, LLC filed Amendment No. 8 to a Schedule 13G reporting beneficial ownership in Dillard’s, Inc. (DDS) Class A Common Stock. The filing lists 4,515,977 shares beneficially owned, representing 38.84% of the class as of the reported event date.

The filer reports no sole or shared voting power over these shares and shared dispositive power over 4,515,977 shares. Newport Trust certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, consistent with a passive Schedule 13G filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

DILLARD'S, INC.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

254067101

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 254067101

1

Names of Reporting Persons

Newport Trust Company, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW HAMPSHIRE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,515,977.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,515,977.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

38.84 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DILLARD'S, INC.
(b)	Address of issuer's principal executive offices: 1600 Cantrell Road Little Rock, AR 72201
Item 2.
(a)	Name of person filing: Newport Trust Company, LLC
(b)	Address or principal business office or, if none, residence: 1627 Eye Street, NW, Suite 950, Washington, DC 20006
(c)	Citizenship: United States
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 254067101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,515,977
(b)	Percent of class: 38.84%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4515977.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Newport Trust Company, LLC

Signature:	William E. Ryan III
Name/Title:	William E. Ryan III | CEO, President and Chief Fiduciary Officer
Date:	11/12/2025

FAQ

What did Dillard’s (DDS) disclose in this Schedule 13G/A?

An updated beneficial ownership report by Newport Trust Company, LLC for DDS Class A Common Stock.

How many DDS shares does Newport Trust report owning?

Newport Trust reports 4,515,977 shares beneficially owned.

What percent of Dillard’s Class A does that represent?

The filing states 38.84% of the class.

Does Newport Trust have voting power over these shares?

The filer reports 0 sole voting power and 0 shared voting power.

What dispositive power is reported?

The filing shows shared dispositive power over 4,515,977 shares and 0 sole dispositive power.

What is the event date tied to this ownership report for DDS?

The event date is 09/30/2025.

How does the filer characterize its intent?

It certifies holdings are in the ordinary course of business and not to influence control.