DILLARD WILLIAM T II 4

What Happened

• William T. Dillard II, CEO and Chairman of Dillard's (DDS), received an award of 495 shares on April 27, 2026. The grant price was $594.31 per share, for a total value of $294,183. The transaction is reported as an award/acquisition (code A), not a sale.

Key Details

• Transaction date and price: 2026-04-27 at $594.31 per share (total $294,183).
• Shares reported as held by W.D. Company, Inc.; the reporting person owns 27.4% of W.D. Company, Inc. and is one of its directors and officers (Footnote F1).
• W.D. Company, Inc. holds 3,985,776 shares of Class B common stock, convertible one-for-one into Class A common stock (Footnote F1).
• Footnote F2 notes a trustee role for a GST Trust.
• The filer disclaims direct beneficial ownership of these shares except for any pecuniary interest (remark in filing).
• Filing date: 2026-04-29 for a 2026-04-27 transaction — filed within the typical two-business-day Form 4 window (no late filing indicated).

Context

• This was an award/grant (likely part of compensation or a private issuance), which is different from an open-market purchase or sale and does not by itself signal intent to buy or sell stock in the market.
• The shares are reported indirectly through a private entity (W.D. Company, Inc.), so reported ownership is indirect; for many investors, direct purchases are a stronger signal than awards.