James P. Williams - 01 Feb 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role: SVP-CHRO
Signature: /s/ Sarah Maveus, as attorney-in-fact
Issuer symbol: PII
Transactions as of: 01 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Feb 2023, 20:44:32 UTC
Previous filing: 31 Jan 2023
Next filing: 13 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PII	Common Stock	Award	$0	+2,654	+20%	$0.000000	16,001	01 Feb 2023	Direct

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	+14,349		$0.000000	14,349	01 Feb 2023	Common Stock	14,349	$117.78	Direct	F1
transaction	PII	Deferred Stock Units	Award	$0	+5,557	+25%	$0.000000	27,795	01 Feb 2023	Common Stock	5,557		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.