Van Genderen Mark 4

What Happened
Mark Van Genderen, President, Chief Executive Officer and a director of Douglas Dynamics (PLOW), disposed of 4,705 shares on March 9, 2026 at $44.80 per share, generating a value of about $210,784. The filing shows transaction code F — a payment of exercise price or tax liability — meaning the shares were surrendered to satisfy tax withholding rather than an open-market sale.

Key Details

• Transaction date and price: March 9, 2026 — 4,705 shares at $44.80 each.
• Total value: approximately $210,784.
• Transaction type/code: F — payment of exercise price or tax liability (share surrender for taxes).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Report filed March 11, 2026; appears timely (filed within the usual two-business-day Section 16 window).
• No footnotes in the provided summary indicating a 10b5-1 plan or other special arrangements.

Context
An F-code disposition typically reflects the insider satisfying tax obligations tied to an equity award or option exercise (often a "sell-to-cover" or share surrender). This is a routine administrative transaction and does not necessarily indicate the insider’s view of the company’s prospects. For retail investors, purchases are generally more informative than tax-withholding disposals; treat this as a tax-related action rather than a directional bet.