Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Employee Stock Plans (Tables)

3 Months Ended

Mar. 31, 2023

						*Weighted*
				*Weighted*		*Average*
				*Average*		*Remaining*
				*Grant Date*		*Contractual*
	*Shares*			*Fair value*		*Term (in years)*

Unvested at December 31, 2022		111,264		$	41.89		1.76
Granted		106,764		$	40.81		1.29
Vested		(79,592	)	$	44.47		-
Cancelled and forfeited		(178	)	$	34.74		-

Unvested at March 31, 2023		138,258		$	39.58		1.76

Expected to vest in the future at March 31, 2023		135,251		$	39.58		1.76