Douglas Dynamics (PLOW) CEO logs tax-withholding share disposition in Form 4

Rhea-AI Filing Summary

Douglas Dynamics, Inc. President & CEO Mark Van Genderen reported a compensation-related share disposition to cover taxes. On March 9, 2026, 4,705 shares of common stock were disposed of at $44.80 per share through tax withholding. Following this transaction, he directly owns 63,113 common shares, indicating he retains a substantial equity stake after the routine tax-related event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Van Genderen Mark

Role President & CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,705	$44.80	$211K

Holdings After Transaction: Common Stock — 63,113 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Van Genderen Mark

(Last) (First) (Middle)

C/O DOUGLAS DYNAMICS, INC.

1270 W. PARK PLACE, SUITE 300

(Street)

MILWAUKEE WI 53224

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DOUGLAS DYNAMICS, INC [ PLOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		F		4,705	D	$44.8	63,113	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

President & Chief Executive Officer

	/s/ Jon J. Sisulak, Attorney-in-Fact for Mark Van Genderen	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Douglas Dynamics (PLOW) CEO Mark Van Genderen report in this Form 4?

Mark Van Genderen reported a tax-related share disposition involving 4,705 shares of Douglas Dynamics common stock. The shares were withheld to satisfy tax obligations, rather than sold in the open market, and are classified as a tax-withholding disposition.

How many Douglas Dynamics (PLOW) shares were involved in the CEO’s tax withholding?

The transaction covered 4,705 shares of Douglas Dynamics common stock. These shares were delivered at $44.80 per share to satisfy tax liabilities, reflecting a non-market, compensation-related disposition rather than a discretionary open-market purchase or sale.

What is Mark Van Genderen’s Douglas Dynamics (PLOW) share ownership after this Form 4?

After the tax-withholding disposition, Mark Van Genderen directly owns 63,113 shares of Douglas Dynamics common stock. This figure reflects his remaining direct equity position following the routine tax-related share delivery reported in the Form 4 filing.

Was the Douglas Dynamics (PLOW) CEO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. It is coded F and described as a tax-withholding disposition, meaning shares were delivered to cover tax liabilities, not voluntarily sold on the open market by the CEO.

What transaction code is used in the Douglas Dynamics (PLOW) CEO’s Form 4 filing?

The filing uses transaction code F, which signifies payment of an exercise price or tax liability by delivering securities. In this case, it represents a tax-withholding disposition of 4,705 common shares at $44.80 per share.

Does the Douglas Dynamics (PLOW) Form 4 show any stock option exercises by the CEO?

The summarized data show no derivative exercises, with exerciseCount and exerciseShares both at zero. The only reported activity is a tax-withholding disposition of common stock, not the exercise of stock options or other derivative securities.