Michael D. Dougherty - Jul 27, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Signature
/s/ Sarah Maveus, as attorney-in-fact
Stock symbol
PII
Transactions as of
Jul 27, 2023
Transactions value $
-$757,306
Form type
4
Date filed
7/31/2023, 09:37 PM
Previous filing
Feb 3, 2023
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Options Exercise $1.11M +13.1K +58.61% $84.58 35.5K Jul 27, 2023 Direct
transaction PII Common Stock Options Exercise $1.01M +8K +22.53% $125.67 43.5K Jul 27, 2023 Direct
transaction PII Common Stock Sale -$116K -844 -1.94% $137.72 42.7K Jul 27, 2023 Direct F1
transaction PII Common Stock Sale -$158K -1.15K -2.7% $136.94 41.5K Jul 27, 2023 Direct F2
transaction PII Common Stock Sale -$1M -7.34K -17.67% $136.55 34.2K Jul 27, 2023 Direct F3
transaction PII Common Stock Sale -$940K -6.91K -20.22% $136.08 27.3K Jul 27, 2023 Direct F4
transaction PII Common Stock Sale -$290K -2.15K -7.88% $135.02 25.1K Jul 27, 2023 Direct F5
transaction PII Common Stock Sale -$366K -2.73K -10.87% $134.10 22.4K Jul 27, 2023 Direct F6
holding PII Common Stock 28.3K Jul 27, 2023 By spouse's trust F7, F8
holding PII Common Stock 3.84K Jul 27, 2023 by son F9
holding PII Common Stock 3.87K Jul 27, 2023 by daughter F10
holding PII Common Stock 4.73K Jul 27, 2023 ESOP F11

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 -13.1K -100% $0.00* 0 Jul 27, 2023 Common Stock 13.1K $84.58 Direct F12
transaction PII Employee Stock Option (right to buy) Options Exercise $0 -8K -100% $0.00* 0 Jul 27, 2023 Common Stock 8K $125.67 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of 844 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $137.32 to $138.26 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.
F2 Reflects the weighted average price of 1,153 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $136.79 to $137.30 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 price of 7,337 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $136.40 to $136.78 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 Reflects the weighted average price of 6,910 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $135.50 to $136.39 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.
F5 Reflects the weighted average price of 2,150 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $134.36 to $135.33 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.
F6 Reflects the weighted average price of 2,730 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $133.92 to $134.32 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.
F7 Reflects an additional 500 shares that were inadvertently reported on a Form 4 filed on November 8, 2022 as a gift from the reporting person's directly held shares (the gift actually came from the reporting person's indirect holdings by spouse's trust).
F8 Shares held in a revocable trust of which the reporting person and his spouse are trustees, and the reporting person and his spouse, or other members of their family, are the beneficiaries.
F9 Shares held by son in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reportingperson and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are thebeneficiaries.
F10 Shares held by daughter in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.
F11 Estimate of the number of shares held in the reporting person's ESOP fund as of July 27, 2023. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
F12 The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.
F13 The option vests in two equal installments on January 29, 2016 and January 29, 2018.