Stephen L. Eastman - Jan 31, 2024 Form 4 Insider Report for Polaris Inc. (PII)

Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jan 31, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 06:28 PM
Previous filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Award $0 +4.45K +36.24% $0.00 16.7K Jan 31, 2024 Direct
transaction PII Common Stock Award +2.44K +14.6% 19.2K Jan 31, 2024 Direct F1, F2
transaction PII Common Stock Disposed to Issuer -2.44K -12.74% 16.7K Jan 31, 2024 Direct F3, F4
holding PII Common Stock 165 Jan 31, 2024 by 401(k) plan F5

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 +2.44K +16.27% 17.4K Jan 31, 2024 Common Stock 2.44K Direct F3, F4, F6
transaction PII Employee Stock Option (right to buy) Award $0 +25.2K $0.00 25.2K Jan 31, 2024 Common Stock 25.2K $89.96 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired in settlement of an equal number of performance restricted stock units upon vesting of the units.
F2 Each performance restricted stock unit represents the right to receive one share of the Issuer's common stock upon the vesting of the units.
F3 Each deferred stock unit represents the right to receive one share of the Issuer's common stock, and is received in exchange for one performance restricted stock unit upon the vesting of such performance restricted stock units.
F4 Upon the vesting of performance restricted stock units granted to the reported person on January 31, 2021, the reporting person deferred the receipt of 2,441 shares of common stock and received instead 2,441 shares of deferred stock units pursuant to the Issuer's Supplemental Retirement Savings Plan ("SERP").
F5 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.
F6 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.
F7 The option vests in three equal installments on February 11, 2025, February 10, 2026, and February 9, 2027.