DILLARD WILLIAM T II 4

What Happened

• William T. Dillard II, CEO, Chairman of the Board and a director of Dillard's, received an award/acquisition of 292 shares on January 30, 2026. The shares were recorded at $607.55 each, for a total value of $177,405.

Key Details

• Transaction date and price: 2026-01-30; 292 shares at $607.55 per share (total $177,405).
• Transaction type: A (grant/award or other acquisition) — not an open-market purchase or sale.
• Shares held after transaction: The filing does not state a direct post-transaction total for the insider. The 292 shares are held by W.D. Company, Inc., per the footnote.
• Notable footnotes:
  • F1: The 292 shares are held by W.D. Company, Inc.; William T. Dillard II owns 27.4% of that company and is one of its directors/officers. W.D. Company, Inc. also holds 3,985,776 Class B shares convertible one-for-one into Class A shares.
  • F2: Reference to trustee of a GST Trust.
  • Remark: The reporting person disclaims direct beneficial ownership of these shares except to the extent of his pecuniary interest.
• Filing timeliness: Form 4 was filed Feb 3, 2026. Because the transaction occurred Jan 30, 2026, the filing was submitted within the required two business days and is timely.

Context

• This was an award/grant recorded to an entity (W.D. Company, Inc.) rather than a direct open-market purchase by the insider. Such grants indicate an acquisition of shares but, per the filing, are reported as indirectly owned by the insider and may reflect compensation, estate planning, or corporate allocations rather than a market-direction bet.