Douglas Dynamics (PLOW) CFO logs tax-related share withholding in Form 4

Rhea-AI Filing Summary

Douglas Dynamics, Inc. EVP & CFO Sarah C. Lauber reported a routine tax-related share disposition. On March 9, 2026, 5,152 shares of common stock were withheld at $44.80 per share to cover tax obligations, described as a “payment of exercise price or tax liability by delivering securities.” After this transaction, she directly owned 88,277 common shares. This event reflects tax withholding rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lauber Sarah C

Role EVP & CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	5,152	$44.80	$231K

Holdings After Transaction: Common Stock — 88,277 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
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)
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		5,152	D	$44.8	88,277	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:

Executive Vice President and Chief Financial Officer

	/s/ Jon J. Sisulak, Attorney-in-Fact for Sarah C. Lauber	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) CFO Sarah Lauber report in this Form 4?

Douglas Dynamics EVP & CFO Sarah Lauber reported a tax-related share disposition. On March 9, 2026, 5,152 common shares were withheld at $44.80 per share to satisfy tax or exercise price obligations, rather than through an open-market sale or purchase.

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

No, the transaction was not an open-market sale. The Form 4 lists code “F,” indicating 5,152 shares were delivered to cover tax or exercise price obligations, a tax-withholding disposition rather than a discretionary trade in the market.

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

The filing shows 5,152 shares of Douglas Dynamics common stock were used for tax withholding. These shares were valued at $44.80 each, reflecting a payment of exercise price or tax liability by delivering securities instead of cash.

How many Douglas Dynamics (PLOW) shares does the CFO hold after this Form 4?

After the tax-withholding disposition, EVP & CFO Sarah Lauber directly held 88,277 shares of Douglas Dynamics common stock. This post-transaction balance reflects her remaining equity position following the 5,152-share delivery for tax or exercise price obligations.

What does transaction code “F” mean in the Douglas Dynamics (PLOW) Form 4?

Transaction code “F” indicates shares were delivered to pay an exercise price or tax liability. In this case, 5,152 Douglas Dynamics common shares were used for that purpose, classifying the move as a tax-withholding disposition, not a typical market buy or sell.