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

Role
CEO
Signature
/s/ Sarah Maveus, as attorney-in-fact
Stock symbol
PII
Transactions as of
Jul 27, 2023
Transactions value $
-$4,397,159
Form type
4
Date filed
7/31/2023, 09:38 PM
Previous filing
Feb 3, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Sale -$192K -1.4K -2.04% $137.99 67K Jul 27, 2023 Direct F1
transaction PII Common Stock Sale -$972K -7.12K -10.62% $136.46 59.9K Jul 27, 2023 Direct F2
transaction PII Common Stock Sale -$244K -1.8K -3% $135.55 58.1K Jul 27, 2023 Direct F3
transaction PII Common Stock Sale -$262K -1.95K -3.36% $134.40 56.2K Jul 27, 2023 Direct F4
transaction PII Common Stock Sale -$13.4K -100 -0.18% $133.94 56.1K Jul 27, 2023 Direct F5
transaction PII Common Stock Options Exercise $3.88M +45.9K +81.92% $84.58 102K Jul 27, 2023 Direct
transaction PII Common Stock Sale -$558K -4.04K -3.96% $137.98 98K Jul 27, 2023 Direct F6
transaction PII Common Stock Sale -$1.65M -12K -12.28% $136.75 85.9K Jul 27, 2023 Direct F7
transaction PII Common Stock Sale -$2.68M -19.7K -22.94% $136.19 66.2K Jul 27, 2023 Direct F8
transaction PII Common Stock Sale -$680K -5.03K -7.6% $135.02 61.2K Jul 27, 2023 Direct F9
transaction PII Common Stock Sale -$685K -5.11K -8.35% $134.13 56.1K Jul 27, 2023 Direct F10
transaction PII Common Stock Sale -$345K -2.54K -4.53% $135.81 53.5K Jul 28, 2023 Direct
holding PII Common Stock 817 Jul 27, 2023 as UTMA custodian for daughter
holding PII Common Stock 817 Jul 27, 2023 by daughter F11
holding PII Common Stock 817 Jul 27, 2023 by daughter F12

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 -45.9K -100% $0.00* 0 Jul 27, 2023 Common Stock 45.9K $84.58 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 sales price of 1,3975 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $137.61 to $138.40 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 sales price of 7,121 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $136.00 to $136.93 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 1,800 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $135.00 to $135.96 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 sales price of 1,953 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $134.04 to $134.99 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 sales price of 100 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $133.94 to $133.96 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 sales price of 4,041 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $137.53 to $138.49 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.
F7 Reflects the weighted average sales price of 12,033 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $136.50 to $137.48 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.
F8 Reflects the weighted average sales price of 19,715 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $135.50 to $136.49 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.
F9 Reflects the weighted average sales price of 5,033 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $134.59 to $135.48 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.
F10 Reflects the weighted average sales price of 5,110 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sales prices ranging from $133.87 to $134.36 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.
F11 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.
F12 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.
F13 The option vests in three equal installments on January 30, 2020, January 30, 2021, and January 30, 2022.