Robert L. McCormick - Mar 11, 2024 Form 4 Insider Report for DOUGLAS DYNAMICS, INC (PLOW)

Signature
/s/ Jon J. Sisulak, Attorney-in-Fact for Robert L. McCormick
Stock symbol
PLOW
Transactions as of
Mar 11, 2024
Transactions value $
-$356,545
Form type
4
Date filed
3/13/2024, 04:48 PM
Previous filing
Feb 20, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLOW Common Stock Award $0 +41.3K +63.61% $0.00 106K Mar 11, 2024 Direct F1
transaction PLOW Common Stock Sale -$357K -14.4K -13.57% $24.73 91.8K Mar 11, 2024 Direct F2, F3
holding PLOW Common Stock 131K Mar 11, 2024 By Robert L. McCormick Revocable Trust
holding PLOW Common Stock 3.62K Mar 11, 2024 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Includes 41,308 shares that will vest in three annual installments beginning on March 6, 2025.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2022.
F3 The price in Column 4 is a weighted average price. The prices actually received ranged from $24.6900 to $24.9900. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.