Lauber Sarah C 4

What Happened

• Sarah C. Lauber, Executive Vice President and Chief Financial Officer of Douglas Dynamics (PLOW), had 5,152 shares withheld on March 9, 2026 at $44.80 per share, totaling $230,810. The Form 4 reports this as a code F transaction — payment of exercise price or tax liability — meaning shares were transferred/forfeited to cover taxes related to equity compensation rather than sold on the open market.

Key Details

• Transaction date: 2026-03-09; reported on Form 4 filed 2026-03-11 (appears timely).
• Shares affected: 5,152 shares withheld/disposed at $44.80 each; aggregate value $230,810.
• Transaction code/meaning: F = Payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Filed two days after the transaction date; not marked late.

Context

• This was a tax-withholding/settlement transaction tied to equity compensation (e.g., option exercise or restricted stock vesting), not an open‑market sale — a routine administrative step that doesn’t necessarily signal a change in the insider’s view of the company.
• For retail investors: purchases or outright sales by insiders can be more informative about sentiment than tax-withholding dispositions.