The precise age of the Winneshiek Shale, a recently discovered Konservat‐Lagerstätte located in a very unusual depositional setting inside the Decorah impact structure, has remained uncertain in the absence of biostratigraphically highly diagnostic fossils. This chemostratigraphical study, based on δ13Corg data from 36 drill core samples through the shale, shows that the age ranges from the upper part of a small unnamed δ13C excursion in the Dw1 Stage Slice of the Darriwilian Global Stage to the lower part of the MDICE excursion in Stage Slice Dw2 of the same stage. This Dw1–Dw2 interval has an isotopic age of ~464–467 Ma. The gradational contact between the Winneshiek Shale and the underlying, rapidly deposited, impact breccia indicates minimal time difference between the impact event and the Winneshiek Shale. New age data show that the Decorah impact event was coeval with the early Darriwilian abnormally high influx of micrometeorites and meteorites recorded in sections in Baltoscandia, Russia and China and that the Decorah crater can be included among the unusually large number of meteorite craters formed during Middle and early Late Ordovician time. As is commonly the case in black shale deposits, the partly uniquely preserved Winneshiek Shale crater fauna is impoverished taxonomically and adds numerically relatively little to the conspicuous and much discussed Darriwilian global biodiversification increase.