Benjamin D. Duke - 28 Jul 2023 Form 4 Insider Report for Polaris Inc. (PII)

Role
President-Marine
Signature
/s/ Sarah Maveus, as attorney-in-fact
Issuer symbol
PII
Transactions as of
28 Jul 2023
Net transactions value
-$14,747
Form type
4
Filing time
01 Aug 2023, 18:19:23 UTC
Previous filing
23 Feb 2023
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PII Common Stock Options Exercise $25,663 +206 +4.6% $124.58 4,721 28 Jul 2023 Direct
transaction PII Common Stock Options Exercise $55,324 +454 +9.6% $121.86 5,175 28 Jul 2023 Direct
transaction PII Common Stock Options Exercise $72,595 +794 +15% $91.43 5,969 28 Jul 2023 Direct
transaction PII Common Stock Tax liability $168,330 -1,240 -21% $135.75 4,729 28 Jul 2023 Direct
holding PII Common Stock 149 28 Jul 2023 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
transaction PII Employee Stock Options (right to buy) Options Exercise $0 -206 -33% $0.000000 412 28 Jul 2023 Common Stock 206 $124.58 Direct F2
transaction PII Employee Stock Options (right to buy) Options Exercise $0 -454 -67% $0.000000 227 28 Jul 2023 Common Stock 454 $121.86 Direct F3
transaction PII Employee Stock Options (right to buy) Options Exercise $0 -794 -100% $0.000000* 0 28 Jul 2023 Common Stock 794 $91.43 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 July 27, 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.
F2 The option vests in three equal installments on February 18, 2023, February 18, 2024, and February 18, 2025.
F3 The option vests in three equal installments on February 19, 2022, February 19, 2023, and February 19, 2024.
F4 The option vests in three equal installments on February 21, 2021, February 21, 2022, and February 21, 2023.