Benjamin D. Duke - 01 Feb 2023 Form 4 Insider Report for Polaris Inc. (PII)

Signature
/s/ Sarah Maveus, as attorney-in-fact
Issuer symbol
PII
Transactions as of
01 Feb 2023
Net transactions value
-$19,198
Form type
4
Filing time
03 Feb 2023, 20:38:41 UTC
Previous filing
09 May 2022
Next filing
23 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Award $0 +2,123 +94% $0.000000 4,384 01 Feb 2023 Direct
transaction PII Common Stock Award +461 +11% 4,845 01 Feb 2023 Direct F1, F2
transaction PII Common Stock Tax liability $19,198 -163 -3.4% $117.78 4,682 01 Feb 2023 Direct F3
holding PII Common Stock 148 01 Feb 2023 By 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 Options (right to buy) Award $0 +11,479 $0.000000 11,479 01 Feb 2023 Common Stock 11,479 $117.78 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 equal to the amount needed to satisfy reporting person's tax withholding obligation upon the vesting and settlement of a performance restricted stock unit award.
F4 Estimate of the number of shares held in the reporting person's ESOP fund as of January 31, 2023. 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 1, 2024, February 1, 2025, and February 1, 2026.