Benjamin D. Duke - May 5, 2022 Form 3 Insider Report for Polaris Inc. (PII)

Role
President-Marine
Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
May 5, 2022
Transactions value $
$0
Form type
3
Date filed
5/9/2022, 05:05 PM
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PII Common Stock 1.36K May 5, 2022 Direct
holding PII Common Stock 145 May 5, 2022 by ESOP F1

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
holding PII Employee Stock Options (right to buy) May 5, 2022 Common Stock 794 $91.43 Direct F2
holding PII Employee Stock Options (right to buy) May 5, 2022 Common Stock 681 $121.86 Direct F3
holding PII Employee Stock Options (right to buy) May 5, 2022 Common Stock 618 $124.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Estimate of the number of shares held in the reporting person's ESOP fund as of May 5, 2022. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.
F2 The original options for 1,191 shares vest in three equal installments on February 21, 2021, February 21, 2022 and February 21, 2023. The February 21, 2021 installment for 397 shares has vested and been exercised; the February 21, 2022 installment for 397 shares has vested and is exercisable (but has not been exercised); the February 21, 2023 installment for 397 shares has not yet vested and is not yet exercisable.
F3 The options vest in three equal installments on February 19, 2022, February 19, 2023 and February 19, 2024.
F4 The options vest in three equal installments on February 18, 2023, February 18, 2024 and February 18, 2025.