Matthew S. Winings - Mar 10, 2025 Form 4 Insider Report for Polaris Inc. (PII)

Role: SVP General Counsel Secretary
Signature: /s/ Sarah Maveus, as attorney-in-fact
Stock symbol: PII
Transactions as of: Mar 10, 2025
Transactions value $: $800,054
Form type: 4
Date filed: 3/12/2025, 05:59 PM
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PII	Common Stock	Award	$500K	+10.5K	+616.62%	$47.45	12.2K	Mar 10, 2025	Direct	F1
transaction	PII	Common Stock	Award	$300K	+6.32K	+51.63%	$47.45	18.6K	Mar 10, 2025	Direct	F2
holding	PII	Common Stock						91	Mar 10, 2025	by ESOP	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)	Award	$0	+16K		$0.00	16K	Mar 10, 2025	Common Stock	16K	$47.45	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This restricted stock unit award was granted March 10, 2025 and vests 100% on February 8, 2028.
F2	This restricted stock unit award was granted March 10, 2025 and vests as to one-third of the units on each of February 10, 2026, February 9, 2027 and February 8. 2028, subject to the terms and conditions of the underlying award agreement.
F3	Estimate of the number of shares held in the reporting person's ESOP fund as of March 10, 2025. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
F4	The option vests in three equal installments on February 10, 2026, February 9, 2027 and February 8, 2028.