Michael T. Speetzen - Jan 26, 2022 Form 4 Insider Report for Polaris Inc. (PII)

Role
CEO
Signature
Sarah Maveus, Attorney-in-Fact
Stock symbol
PII
Transactions as of
Jan 26, 2022
Transactions value $
-$99,411
Form type
4
Date filed
1/30/2024, 06:34 PM
Previous filing
Jan 4, 2022
Next filing
Aug 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Tax liability -$99.4K -1.09K -2.14% $91.37 49.6K Jan 27, 2024 Direct
transaction PII Common Stock Disposed to Issuer -2.02K -4.08% 47.6K Jan 27, 2024 Direct F1, F2
transaction PII Common Stock Disposed to Issuer -5.17K -10.86% 42.4K Jan 26, 2022 Direct F1, F3
holding PII Common Stock 696 Jan 26, 2022 by daughter F4
holding PII Common Stock 182 Jan 26, 2022 as UTMA custodian for granddaughter

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 +2.02K +27.98% 9.26K Jan 27, 2024 Common Stock 2.02K Direct F1, F2, F5
transaction PII Deferred Stock Units Award +5.17K +55.87% 14.4K Jan 26, 2022 Common Stock 5.17K Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents the right to receive (1) share of the Issuer's common stock, and is received in exchange for (1) restricted stock unit upon the vesting of such restricted stock unit.
F2 Upon the vesting on January 27, 2024 of restricted stock units granted to the reported person on January 27, 2021, the reporting person deferred the receipt of 2,024 shares of common stock and received instead 2,024 shares of deferred stock units pursuant to the Issuer's Supplemental Retirement Savings Plan ("SERP").
F3 This reporting is to clarify that upon the vesting on January 26, 2022 of restricted stock units granted to the reported person on April 26, 2019, the reporting person deferred the receipt of 5,172 shares of common stock and received instead 5,172 shares of deferred stock units pursuant to the Issuer's Supplemental Retirement Savings Plan ("SERP").
F4 The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
F5 At the settlement date elected by the reporting officer under the Issuer's Supplemental/Retirement Savings 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.