Douglas Dynamics, Inc. Quarterly report [Sections 13 or 15(d)]

Note 13 - Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2026

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

Unvested at December 31, 2025		344,279		$	27.27		1.48
Granted		105,861		$	44.98		2.41
Vested		(120,611	)	$	28.32		-
Cancelled and forfeited		(1,297	)	$	28.09		-

Unvested at March 31, 2026		328,232		$	32.59		1.74

Expected to vest in the future at March 31, 2026		317,257		$	32.59		1.74