James P. Williams - Jul 12, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role
SVP-CHRO
Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jul 12, 2023
Transactions value $
-$60,620
Form type
4
Date filed
7/13/2023, 07:38 PM
Previous filing
Feb 3, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Options Exercise $1.76M +14K +87.49% $125.67 30K Jul 12, 2023 Direct
transaction PII Common Stock Sale -$1.82M -14K -46.67% $130.00 16K Jul 12, 2023 Direct F1, F2

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 Option (right to buy) Options Exercise $0 -7K -100% $0.00* 0 Jul 12, 2023 Common Stock 7K $125.67 Direct F1
transaction PII Employee Stock Option (right to buy) Options Exercise $0 -7K -100% $0.00* 0 Jul 12, 2023 Common Stock 7K $125.67 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 February 21, 2023.
F2 Reflects the weighted average sales price of 14,000 shares of Common Stock sold by the reporting person in multiple transactions on July 12, 2023 with sales prices ranging from $130.00 to $130.125 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 purchased at each separate price.