Mahaffy Denise Dillard 4

What Happened

• Denise D. Mahaffy, Senior Vice President and director of Dillard's, reported an award/acquisition of 13 shares of Issuer Class A Common Stock on 2026-06-29. The filing lists a per-share amount of $545.93, for a total reported value of about $7,097. This transaction is an award/grant (code A), an acquisition rather than a sale.

Key Details

• Transaction date: 2026-06-29; per-share amount reported: $545.93; total value reported: ~$7,097.
• Transaction type: A (award/grant/acquisition).
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnote F1: The reported amount represents Class A shares held by a trust for which Mahaffy serves as trustee.
• Footnote F2: The filing notes that Issuer Class B Common Stock is convertible into Class A on a one-for-one basis (Class B has no expiration).
• Filing timeliness: Reported on 2026-06-30 for a 2026-06-29 transaction (appears timely).

Context

• This was an award/acquisition (not a market purchase or sale). Awards and transfers into trusts are common forms of compensation or estate/ownership structuring and do not, by themselves, indicate a change in the insider’s market view. The footnotes indicate the shares are held in a trust under Mahaffy’s trusteeship and remind investors that Class B shares can be converted to Class A on a one-for-one basis.