Douglas Dynamics (NYSE: PLOW) CEO receives 21,475-share stock award

Rhea-AI Filing Summary

Van Genderen Mark reported acquisition or exercise transactions in this Form 4 filing.

Douglas Dynamics, Inc. President and CEO Mark Van Genderen received a grant of 21,475 shares of common stock as an award, with no cash paid per share. These shares are scheduled to vest in three annual installments beginning on March 6, 2027. Following this equity grant, he directly holds a total of 67,818 common shares.

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^*

Van Genderen Mark

(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)

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

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		21,475(1)	A	$0	67,818	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 21,475 shares that will vest in three annual installments beginning on March 6, 2027.

Remarks:

President & Chief Executive Officer

	/s/ Jon J. Sisulak, Attorney-in-Fact for Mark Van Genderen	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

Mark Van Genderen reported receiving a grant of 21,475 Douglas Dynamics common shares. The award carried a price of $0.0000 per share, indicating a stock-based compensation grant rather than an open-market purchase of shares.

How many Douglas Dynamics (PLOW) shares does the CEO hold after this transaction?

After the reported stock grant, Mark Van Genderen directly holds 67,818 shares of Douglas Dynamics common stock. This total includes the 21,475 granted shares, which are subject to a vesting schedule over future years as disclosed.

What is the vesting schedule for the 21,475 Douglas Dynamics (PLOW) shares granted to the CEO?

The 21,475 granted shares will vest in three annual installments beginning on March 6, 2027. This means the award is spread over multiple years, aligning a portion of the CEO’s compensation with longer-term company performance.

Was the Douglas Dynamics (PLOW) CEO’s Form 4 transaction a market purchase or a stock award?

The transaction was a stock award, not a market purchase. The Form 4 lists transaction code “A” for grant or award, and a price of $0.0000 per share, consistent with equity compensation rather than buying shares in the open market.

Does the Douglas Dynamics (PLOW) CEO’s new stock grant become fully owned immediately?

No, the new stock grant becomes fully owned over time. The filing states the 21,475 awarded shares will vest in three annual installments starting on March 6, 2027, so full vesting occurs only after all scheduled installments are completed.