Speetzen Michael T. - 12 Aug 2022 Form 4 Insider Report for Polaris Inc. (PII)

Signature
Sarah Maveus, Attorney-in-Fact
Issuer symbol
PII
Transactions as of
12 Aug 2022
Net transactions value
-$1,201,354
Form type
4
Filing time
15 Aug 2022, 18:49:06 UTC
Previous filing
28 Jul 2023
Next filing
27 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Options Exercise $1,719,410 +24,500 +40% $70.18 85,702 12 Aug 2022 Direct
transaction PII Common Stock Sale $932,894 -7,791 -9.1% $119.74 77,911 12 Aug 2022 Direct F1, F2
transaction PII Common Stock Sale $1,987,870 -16,709 -21% $118.97 61,202 12 Aug 2022 Direct F1, F3
holding PII Common Stock 657 12 Aug 2022 as UTMA custodian for daughter
holding PII Common Stock 657 12 Aug 2022 by daughter F4
holding PII Common Stock 657 12 Aug 2022 by daughter F4

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 -24,500 -100% $0.000000* 0 12 Aug 2022 Common Stock 24,500 $70.18 Direct F5
* 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 July 29, 2022.
F2 Reflects the weighted average sales price of 7,791 shares of Common Stock sold by the reporting person in multiple transactions on August 12, 2022 with sales prices ranging from $120.00 to $119.486 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Reflects the weighted average sales price of 16,709 shares of Common Stock sold by the reporting person in multiple transactions on August 12, 2022 with sales prices ranging from $119.41 to $118.49 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4 Shares held by daughter who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
F5 The option vested in two equal installments on January 27, 2018 and January 27, 2020.