DILLARD MIKE 4

What Happened

• Mike Dillard, a 10% owner of Dillard's, Inc. (DDS), received a grant/award of 16 shares of Class A common stock on 2026-06-29. The shares were priced at $545.93 each, for a total value of $8,735. This transaction is reported as an award/acquisition (code A), not a sale.

Key Details

• Transaction date: 2026-06-29; Price per share: $545.93; Shares acquired: 16; Total value: $8,735.
• Reported beneficial ownership after this transaction: 76 Class A shares (60 shares transferred from the reporting person's retirement plan to a brokerage account on 2026-06-17, plus the 16-share award).
• Footnotes: F1 notes the 60-share transfer from a retirement plan to a brokerage account (06/17/26); F2 indicates some shares are held by a trust for which the reporting person is trustee; F3 explains Class B shares convert one-for-one to Class A and have no expiration.
• Filing timeliness: The report covers 2026-06-29 and was filed 2026-06-30, indicating a timely filing.

Context

• This was an award/grant (acquisition) rather than an open-market purchase or option exercise; the small size ($8.7K) is a modest insider acquisition and does not, by itself, indicate a broader insider buying trend. As a 10% owner, Dillard is a significant holder, and class-structure notes (Class B convertible to Class A) are relevant for understanding total voting/ownership stakes.