Lucy Clark - Jul 27, 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role
SVP-Gen Counsel & Secretary
Signature
/s/ Sarah Maveus, as attorney-in-fact
Stock symbol
PII
Transactions as of
Jul 27, 2023
Transactions value $
-$796,539
Form type
4
Date filed
7/31/2023, 09:48 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 $2.17M +19.2K +104.47% $113.01 37.7K Jul 27, 2023 Direct
transaction PII Common Stock Options Exercise $1.53M +13.1K +34.71% $117.37 50.7K Jul 27, 2023 Direct
transaction PII Common Stock Options Exercise $733K +6.58K +12.98% $111.32 57.3K Jul 27, 2023 Direct
transaction PII Common Stock Sale -$566K -4.11K -7.17% $137.88 53.2K Jul 27, 2023 Direct F1
transaction PII Common Stock Sale -$163K -1.19K -2.23% $137.24 52K Jul 27, 2023 Direct F2
transaction PII Common Stock Sale -$4.51M -33.6K -64.59% $134.19 18.4K Jul 27, 2023 Direct F3

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 -19.2K -100% $0.00* 0 Jul 27, 2023 Common Stock 19.2K $113.01 Direct F4
transaction PII Employee Stock Options (right to buy) Options Exercise $0 -13.1K -66.67% $0.00 6.53K Jul 27, 2023 Common Stock 13.1K $117.37 Direct F5
transaction PII Employee Stock Options (right to buy) Options Exercise $0 -6.58K -33.34% $0.00 13.2K Jul 27, 2023 Common Stock 6.58K $111.32 Direct F6
* 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 4,106 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sale prices ranging from $137.42 to $138.41 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 1,187 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sale prices ranging from $137.00 to $137.41 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 33,594 shares of Common Stock sold by the reporting person in multiple transactions on July 27, 2023 with sale prices ranging from $134.00 to $134.38 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 The option vests in three equal installments on January 31, 2019, January 31, 2020, and January 31, 2021.
F5 The option vests in three equal installments on January 27, 2022, January 27, 2023, and January 27, 2024.
F6 The option vests in three equal installments on January 26, 2023, January 26, 2024, and January 26, 2025.

Remarks:

The reporting person's February 3, 2023 report inadvertently reported indirectly holding 4,732 shares by ESOP in error.