Watts Phillip R. 4

What Happened
Phillip R. Watts, Senior Vice President of Dillard's, acquired 9 shares as an award (transaction code A) on May 26, 2026. The award was recorded at a per-share value of $570.32, for a total value of $5,133. This was an acquisition via grant/award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares received: 9; Price per share used in filing: $570.32; Total value: $5,133.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Notable footnotes: None provided (no 10b5-1 plan, tax-withholding, or cashless exercise noted).

Context
An "A" code indicates shares were issued as a grant or award, typically part of compensation. Such awards are common for executives and do not necessarily indicate a buy/sell sentiment by the insider. Retail investors should view this as a compensation event rather than a direct expressed endorsement to buy or sell the stock.