Douglas Dynamics (NYSE: PLOW) CFO receives 9,917-share stock award

Rhea-AI Filing Summary

Lauber Sarah C reported acquisition or exercise transactions in this Form 4 filing.

Douglas Dynamics EVP & CFO Sarah C. Lauber received a grant of 9,917 shares of common stock with no cash paid per share. These shares will vest in three equal annual installments beginning on March 6, 2027. After this award, she directly holds 93,429 shares of the company’s stock.

Insider Trade Summary

Net Buyer: 9,917 shares

Net Buy 1 txn

Insider Lauber Sarah C

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,917	$0.00	$0.00

Holdings After Transaction: Common Stock — 93,429 shares (Direct)

Footnotes (1)

1. F1. Includes 9,917 shares that will vest in three annual installments beginning on March 6, 2027.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:47 PM Learn about SEC filing dates

FAQ

What insider transaction did Douglas Dynamics (PLOW) report for Sarah C. Lauber?

Douglas Dynamics EVP & CFO Sarah C. Lauber received a grant of 9,917 shares of common stock. The shares were awarded at no cash cost per share as part of her equity-based compensation package.

How many Douglas Dynamics (PLOW) shares did Sarah C. Lauber receive, and at what price?

Sarah C. Lauber received 9,917 shares of Douglas Dynamics common stock at a stated price of $0.0000 per share. This indicates a compensatory equity award rather than an open-market purchase transaction.

When will Sarah C. Lauber’s new Douglas Dynamics (PLOW) shares vest?

The 9,917 awarded shares will vest in three annual installments beginning on March 6, 2027. This creates a multi-year vesting schedule that ties the value of the award to her continued service over time.

What is Sarah C. Lauber’s Douglas Dynamics (PLOW) share ownership after the grant?

After receiving the 9,917-share grant, Sarah C. Lauber directly holds 93,429 shares of Douglas Dynamics common stock. This updated figure reflects her total direct ownership immediately following the reported award transaction.

Is the Douglas Dynamics (PLOW) transaction for Sarah C. Lauber a purchase or an award?

The transaction is an equity award to Sarah C. Lauber, not a market purchase. It is classified as a grant or other acquisition, with 9,917 shares granted at a price of $0.0000 per share under a compensation arrangement.

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
Estimated average burden
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^*

Lauber Sarah C

(Last) (First) (Middle)

C/O DOUGLAS DYNAMICS, INC.

11270 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A		9,917(1)	A	$0	93,429	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:

1. Includes 9,917 shares that will vest in three annual installments beginning on March 6, 2027.

Remarks:

Executive Vice President and Chief Financial Officer

	/s/ Jon J. Sisulak, Attorney-in-Fact for Sarah C. Lauber	02/19/2026
	** 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.