Polaris Inc. — Director's Dealing 2020

Jan 31, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2020-01-29

Reporting Person: Menneto Steven (President-ORV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-29	Common Stock	A	3306	$0.00	Acquired	6495	Direct
2020-01-29	Common Stock	A	2189	—	Acquired	8684	Direct
2020-01-29	Common Stock	F	708	$94.54	Disposed	7976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-29	Employee Stock Option (right to buy)	$94.54	A	28461	Acquired	2030-01-29	Common Stock (28461)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7506	Direct

Footnotes

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 to satisfy reporting person's tax withholding obligation upon the vesting and settlement of a performance restricted stock award.

F4: Estimate of the number of shares held in the reporting person's ESOP fund as of January 29, 2020. 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 January 29, 2021, January 29, 2022, and January 29, 2023.