Douglas Dynamics, Inc. Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020




		Weighted		Weighted
		Average		Average
		Grant		Remaining
		Date		Contractual
	Shares	Fair value		Term

Unvested at December 31, 2017	47,542		23.95	0.84	years
Granted	134,804		35.73	0.43	years
Vested	(136,747)		32.45
Cancelled and forfeited	—		—
Unvested at December 31, 2018	45,599		33.28	1.32	years
Granted	47,360		36.48	0.76	years
Vested	(56,863)		22.05
Cancelled and forfeited	(420)		36.48
Unvested at December 31, 2019	35,676		36.49	1.40	years
Granted	49,349		49.90	0.80	years
Vested	(48,112)		45.49
Cancelled and forfeited	(891)		49.90

Unvested at December 31, 2020	36,022	$	42.73	1.40	years

Expected to vest in the future at December 31, 2020	35,662	$	42.73	1.40	years