Dougherty Lucy Clark - 10 Feb 2022 Form 4 Insider Report for Polaris Inc. (PII)

Role: SVP-Gen Counsel & Secretary
Signature: Sarah Maveus, Attorney-in-Fact
Issuer symbol: PII
Transactions as of: 10 Feb 2022
Net transactions value: -$918,446
Form type: 4
Filing time: 14 Feb 2022, 16:08:14 UTC
Previous filing: 01 Feb 2022
Next filing: 18 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PII	Common Stock	Options Exercise	$925,051	+10,937	+37%	$84.58	40,171	10 Feb 2022	Direct	F1
transaction	PII	Common Stock	Options Exercise	$1,004,582	+10,626	+26%	$94.54	50,797	10 Feb 2022	Direct	F1
transaction	PII	Common Stock	Sale	$2,848,080	-23,734	-47%	$120.00	27,063	10 Feb 2022	Direct	F1

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)	Options Exercise	$0	-10,937	-100%	$0.000000^*	0	10 Feb 2022	Common Stock	10,937	$84.58	Direct	F2
transaction	PII	Employee Stock Options (right to buy)	Options Exercise	$0	-10,626	-50%	$0.000000	10,626	10 Feb 2022	Common Stock	10,626	$94.54	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 27, 2022.
F2	The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.
F3	The option vests in three equal installments on January 29, 2021, January 29, 2022, and January 29, 2023.