DILLARD MIKE 4

What Happened

• Mike Dillard, Executive Vice President and a director of Dillard's, Inc. (DDS), was granted 126 shares as an award/acquisition (code A) on January 30, 2026. The filing lists a per-share value of $607.55, for a total reported value of $76,551. This was a company grant/award (not an open-market purchase or sale).

Key Details

• Transaction date and value: 2026-01-30; 126 shares x $607.55 = $76,551.
• Transaction type: Award/Acquisition (SEC code A).
• Shares owned after transaction: The Form 4 does not report direct beneficial ownership. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Indirect holdings noted: W.D. Company, Inc. holds 3,985,776 Class B shares convertible one-for-one to Class A; Mike Dillard owns 26.3% of W.D. Company, Inc. (≈1,048,259 shares on a pro rata basis), per footnote F1.
• Other footnote: F2 indicates "Trustee of GST Trust."
• Filing timeliness: Reported on 2026-02-03 for a 2026-01-30 transaction — filed within the SEC’s two-business-day requirement.

Context

• This was an equity award (company grant), typically part of compensation, not a market purchase or sale. The reporting person explicitly disclaims direct beneficial ownership of the reported shares, indicating the interest is indirect (via W.D. Company, Inc. and a trust). For retail investors, awards signal company compensation activity but do not necessarily reflect immediate buying/selling sentiment.