Douglas Dynamics (PLOW) executive awarded 4,123 restricted shares in equity grant

Rhea-AI Filing Summary

Bernauer Christopher E reported acquisition or exercise transactions in this Form 4 filing.

Douglas Dynamics, Inc. executive Christopher E. Bernauer, President of Work Truck Attachments, received a grant of 4,123 shares of common stock on February 17, 2026 as an equity award. These shares were granted at no cash cost per share and will vest in three annual installments beginning on March 6, 2027. Following this award, Bernauer directly holds a total of 10,112 shares of Douglas Dynamics common stock.

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^*

Bernauer Christopher E

(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)
	Pres. Work Truck Attachments

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		4,123(1)	A	$0	10,112	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 4,123 shares that will vest in three annual installments beginning on March 6, 2027.

Remarks:

President, Work Truck Attachments

	/s/ Jon J. Sisulak, Attorney-in-Fact for Christopher E. Bernauer	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 insider transaction did PLOW executive Christopher Bernauer report?

Christopher Bernauer reported receiving a grant of 4,123 shares of Douglas Dynamics common stock. The equity award was made at no cash cost per share and increases his direct holdings to 10,112 shares after the transaction.

When did the reported PLOW stock grant to Christopher Bernauer occur?

The grant of 4,123 Douglas Dynamics common shares to Christopher Bernauer occurred on February 17, 2026. This Form 4 filing records the award date and updated direct ownership following the transaction in the company’s common stock.

How many Douglas Dynamics (PLOW) shares does Christopher Bernauer own after this grant?

After the equity award, Christopher Bernauer directly owns 10,112 shares of Douglas Dynamics common stock. This total includes the newly granted 4,123 shares that were added to his existing holdings as reported in the Form 4 filing.

What are the vesting terms of Christopher Bernauer’s 4,123-share PLOW award?

The 4,123-share award to Christopher Bernauer will vest in three annual installments beginning on March 6, 2027. This means portions of the grant become fully owned over three years, according to the vesting schedule disclosed in the footnote.

Did Christopher Bernauer buy PLOW shares on the open market in this Form 4?

No, the Form 4 shows a grant or award acquisition of 4,123 shares, not an open-market purchase. The transaction code is “A,” indicating a grant, with a reported price per share of 0.0000 dollars in the filing.

What role does Christopher Bernauer hold at Douglas Dynamics (PLOW)?

Christopher Bernauer serves as President, Work Truck Attachments, at Douglas Dynamics. His position is identified in the insider filing, which also details his updated ownership of 10,112 common shares following the reported equity grant.