Michael T. Speetzen - Jan 27, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jan 27, 2023
Transactions value $
-$739,220
Form type
4
Date filed
1/31/2023, 06:01 PM
Previous filing
Jan 4, 2023
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Tax liability -$674K -6.29K -10.38% $107.18 54.3K Jan 27, 2023 Direct
transaction PII Common Stock Tax liability -$65.3K -609 -1.12% $107.18 53.7K Jan 29, 2023 Direct
transaction PII Common Stock Disposed to Issuer -3.91K -7.29% 49.8K Jan 29, 2023 Direct F1, F2
holding PII Common Stock 817 Jan 27, 2023 as UTMA custodian for daughter
holding PII Common Stock 817 Jan 27, 2023 by daughter F3
holding PII Common Stock 817 Jan 27, 2023 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 Deferred Stock Units Award +3.91K +117.93% 7.23K Jan 29, 2023 Common Stock 3.91K Direct F1, F2, F5
* 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 (1) share of the Issuer's common stock, and is received in exchange for one (1) restricted stock unit upon the vesting of such 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 3,914 shares of common stock and received instead 3,914 shares of deferred stock units pursuant to the Issuer's Supplemental/Retirement Savings Plan ("SERP").
F3 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.
F4 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 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.