Michael D. Dougherty - Feb 1, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Signature
/s/ Sarah Maveus, as attorney-in-fact
Stock symbol
PII
Transactions as of
Feb 1, 2023
Transactions value $
-$219,306
Form type
4
Date filed
2/3/2023, 08:42 PM
Previous filing
Jan 31, 2023
Next filing
Jul 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Award $0 +2.97K +16.98% $0.00 20.5K Feb 1, 2023 Direct F1
transaction PII Common Stock Award +3.78K +18.46% 24.3K Feb 1, 2023 Direct F2, F3
transaction PII Common Stock Tax liability -$219K -1.86K -7.68% $117.78 22.4K Feb 1, 2023 Direct F4
holding PII Common Stock 28.3K Feb 1, 2023 By spouse's trust F1, F5
holding PII Common Stock 3.84K Feb 1, 2023 By son F6
holding PII Common Stock 3.87K Feb 1, 2023 By daughter F7
holding PII Common Stock 4.73K Feb 1, 2023 By ESOP F8

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 F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an additional 500 shares that were inadvertently reported on a Form 4 filed on November 8, 2022 as a gift from the reporting person's directly held shares (the gift actually came from the reporting person's indirect holdings by spouse's trust).
F2 Shares acquired in settlement of an equal number of performance restricted stock units upon vesting of the units.
F3 Each performance restricted stock unit represents the right to receive one share of the Issuer's common stock upon the vesting of the units.
F4 Shares withheld equal to the amount needed to satisfy reporting person's tax withholding obligation upon the vesting and settlement of a performance restricted stock unit award.
F5 Shares held in a revocable trust of which the reporting person and his spouse are trustees, and the reporting person and his spouse, or other members of their family, are the beneficiaries.
F6 Shares held by son in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.
F7 Shares held by daughter in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.
F8 Estimate of the number of shares held in the reporting person's ESOP fund as of January 31, 2023. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
F9 The option vests in three equal installments on February 1, 2024, February 1, 2025, and February 1, 2026.