Stephen L. Eastman - 27 Jan 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role
President - PG&A
Signature
Sarah Maveus, Attorney-in-Fact
Issuer symbol
PII
Transactions as of
27 Jan 2023
Net transactions value
-$599,886
Form type
4
Filing time
31 Jan 2023, 17:59:59 UTC
Previous filing
04 Jan 2023
Next filing
03 Feb 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 Tax liability $451,013 -4,208 -20% $107.18 16,375 27 Jan 2023 Direct
transaction PII Common Stock Tax liability $148,873 -1,389 -8.5% $107.18 14,986 29 Jan 2023 Direct
transaction PII Common Stock Disposed to Issuer -158 -1.1% 14,828 29 Jan 2023 Direct F1, F2
holding PII Common Stock 159 27 Jan 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 Deferred Stock Units Award +158 +1.4% 11,359 29 Jan 2023 Common Stock 158 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 unit.
F2 Upon the vesting of restricted stock units granted to the reported person on January 29, 2023, the reporting person deferred the receipt of 158 shares of common stock and received instead 158 shares of deferred stock units pursuant to the Issuer's Supplemental/Retirement Savings Plan ("SERP").
F3 At the settlement date elected by the reporting officer under the Issuer's Supplemental/Retirement Savings 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.