Stephen L. Eastman - Feb 1, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role: President - PG&A
Signature: /s/ Sarah Maveus, as attorney-in-fact
Stock symbol: PII
Transactions as of: Feb 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/3/2023, 08:39 PM
Previous filing: Jan 30, 2024
Next filing: Aug 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PII	Common Stock	Award	$0	+2.97K	+20.04%	$0.00	17.8K	Feb 1, 2023	Direct
holding	PII	Common Stock						161	Feb 1, 2023	By 401(k) plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PII	Employee Stock Options (right to buy)	Award	$0	+16.1K		$0.00	16.1K	Feb 1, 2023	Common Stock	16.1K	$117.78	Direct	F1
transaction	PII	Deferred Stock Units	Award	$0	+5.34K	+46.97%	$0.00	16.7K	Feb 1, 2023	Common Stock	5.34K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vests in three equal installments on February 1, 2024, February 1, 2025, and February 1, 2026.
F2	Each deferred stock unit represents the right to receive one share of the Issuer's common stock, and is received in exchange for one performance restricted stock unit upon the vesting of such performance restricted stock units.
F3	At the settlement date elected by the reporting officer under the Issuer's Supplemental Executive Retirement Plan ("SERP"), the reporting officer is entitled to receive one share of common stock for each deferred stock unit held. The deferred stock units may be transferred into an alternative investment account in the SERP after a period of six months and one day.