Douglas Dynamics (NYSE: PLOW) grants 2,023-share award to Controller

Rhea-AI Filing Summary

Douglas Dynamics, Inc. reported that Controller Jon J. Sisulak acquired 2,023 shares of common stock through a stock grant on this Form 4. The award was at a price of $0.00 per share and increased his directly held stake to 15,209 shares. According to a footnote, these 2,023 shares will vest in three annual installments beginning on March 6, 2027, meaning he receives full ownership over time rather than immediately.

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

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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^*

Sisulak Jon J

(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)
	Controller

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		2,023(1)	A	$0	15,209	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 2,023 shares that will vest in three annual installments beginning on March 6, 2027.

	/s/ Jon J. Sisulak	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).
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FAQ

What insider transaction did Douglas Dynamics (PLOW) report for Jon J. Sisulak?

Douglas Dynamics reported that Controller Jon J. Sisulak received a grant of 2,023 shares of common stock at $0.00 per share. This award is a non-cash equity grant and increases his directly held ownership to 15,209 shares after the transaction.

Was the Douglas Dynamics (PLOW) Form 4 transaction a purchase or a grant?

The Form 4 shows a stock grant, not an open-market purchase. The code “A” and description indicate a grant, award, or other acquisition, with 2,023 shares received at $0.00 per share as part of equity compensation rather than a cash transaction.

How many Douglas Dynamics (PLOW) shares does Jon J. Sisulak own after this Form 4?

After the reported grant, Jon J. Sisulak directly owns 15,209 shares of Douglas Dynamics common stock. This total includes the 2,023 newly granted shares, which will vest over time according to the schedule disclosed in the filing footnote.

What is the vesting schedule for Jon J. Sisulak’s new Douglas Dynamics (PLOW) shares?

The 2,023 granted shares will vest in three annual installments beginning on March 6, 2027. This means Sisulak gains full ownership gradually each year, aligning the award with longer-term service and performance rather than immediate unrestricted ownership.

Did Jon J. Sisulak pay anything for the new Douglas Dynamics (PLOW) shares?

No cash payment was made for the new shares. The Form 4 lists a transaction price of $0.00 per share for the 2,023-share grant, indicating these are stock-based compensation rather than shares bought on the open market for cash.