Stephen L. Eastman - Jan 27, 2024 Form 4 Insider Report for Polaris Inc. (PII)

Role
President - PG&A + Aftermarket
Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jan 27, 2024
Transactions value $
-$16,355
Form type
4
Date filed
1/30/2024, 06:46 PM
Previous filing
Jan 4, 2024
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Tax liability -$16.4K -179 -1.25% $91.37 14.2K Jan 27, 2024 Direct
transaction PII Common Stock Disposed to Issuer -1.92K -13.52% 12.3K Jan 27, 2024 Direct F1, F2
holding PII Common Stock 165 Jan 27, 2024 by 401(k) plan 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 Deferred Stock Units Award +1.92K +14.66% 15K Jan 27, 2024 Common Stock 1.92K Direct F1, F2, F4
* 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 share of the Issuer's common stock and is received in exchange for one restricted stock unit upon the vesting of such restricted stock unit.
F2 Upon the vesting on January 27, 2024 of restricted stock units granted to the reported person on January 27, 2021, the reporting person deferred the receipt of 1,918 shares of common stock and received instead 1,918 shares of deferred stock units pursuant to the Issuer's Supplemental Retirement Savings Plan ("SERP").
F3 Estimate of the number of shares held in the reporting person's Polaris Stock fund under the issuer's 401(k) plan as of January 26, 2024. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of the issuer's Common Stock.
F4 At the settlement date elected by the reporting officer under the Issuer's Supplemental Executive Retirement 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.