Dillard's (DDS) 10% Owner Mike Dillard Receives 11 Shares

What Happened

• Mike Dillard, a reported 10% owner of Dillard's, Inc. (DDS), received 11 shares of Issuer Class A Common Stock on July 27, 2026. The shares were reported at $576.57 each, for a total reported value of $6,342. This transaction is coded as an award/grant/other acquisition (Code A), i.e., an acquisition of shares rather than a market purchase or sale.

Key Details

• Transaction date and price: 2026-07-27 — 11 shares at $576.57 per share.
• Reported total value: $6,342.
• Shares owned after transaction: not specified in the filing.
• Filing date: 2026-07-29 (appears to be filed within the typical two-business-day Form 4 window).
• Footnotes of note:
  • F1: These Class A shares are held by a trust for which Mr. Dillard is the sole beneficiary and an immediate family member is the trustee.
  • F2: The company’s Class B common shares are convertible into Class A on a one-for-one basis and have no expiration.
• Transaction code: A = Grant/award/other acquisition.

Context

• This was an acquisition/award of a small number of shares (11) and a modest dollar amount (~$6.3k); such awards are common for owners/executives and do not by themselves indicate a change in sentiment.
• As a 10% owner, Mr. Dillard’s holdings are material in terms of control/influence but this particular transaction is minor in size relative to typical institutional positions. The trust and convertibility footnotes clarify how ownership is structured and the interchangeability of Class B to Class A shares.