Polaris Inc. — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2021-01-31

Reporting Person: Williams James P (SVP-CHRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-31	Common Stock	D	2766	—	Disposed	22991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Deferred Stock Units	$	A	2766	Acquired		Common Stock (2766)	Direct

Footnotes

F1: Upon the vesting of restricted stock units granted to the reporting person on January 31, 2018, the reporting person deferred the receipt of 2,766 shares of common stock and received instead 2,766 deferred stock units. Each deferred stock unit represents the right to receive one share of the Issuer's common stock.

F2: Each deferred stock unit represents the right to receive one share of the Issuer's common stock, and is received in exchange for one restricted stock unit upon the vesting of such restricted stock unit.

F3: 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.