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: Speetzen Michael T (Interim CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-31	Common Stock	D	3319	—	Disposed	47808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-31	Deferred Stock Units	$	A	3319	Acquired		Common Stock (3319)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	510	Indirect
Common Stock	510	Indirect
Common Stock	510	Indirect
Common Stock	510	Indirect

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 3,319 shares of common stock and received instead 3,319 deferred stock units. Each deferred stock unit represents the right to receive one share of the Issuer's common stock.

F2: 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.

F3: Each deferred stock unit represents a 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.

F4: 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.