Michael D. Dougherty - Jan 31, 2024 Form 4 Insider Report for Polaris Inc. (PII)

Role
President - On Road and Int'l
Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jan 31, 2024
Transactions value $
-$83,033
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 +20.73% $0.00 25.9K Jan 31, 2024 Direct
transaction PII Common Stock Award +1.73K +6.68% 27.6K Jan 31, 2024 Direct F1, F2
transaction PII Common Stock Tax liability -$83K -923 -3.34% $89.96 26.7K Jan 31, 2024 Direct F3
holding PII Common Stock 4.73K Jan 31, 2024 ESOP F4

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) Award $0 +25.2K $0.00 25.2K Jan 31, 2024 Common Stock 25.2K $89.96 Direct F5
* 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 Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting and settlement of performance restricted stock award.
F4 Estimate of the number of shares held in the reporting person's ESOP fund 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 Polaris stock.
F5 The option vests in three equal installments on February 11, 2025, February 10, 2026, and February 9, 2027.