Polaris Inc. — Director's Dealing 2021

Jan 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2021-01-27

Reporting Person: Dougherty Michael D. (President-Motorcycles & Int'l)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Common Stock	A	1811	$0.00	Acquired	10968	Direct
2021-01-27	Common Stock	A	8521	$0.00	Acquired	19489	Direct
2021-01-27	Common Stock	A	1276	—	Acquired	20765	Direct
2021-01-27	Common Stock	F	663	$117.37	Disposed	20102	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-27	Employee Stock Options (right to buy)	$117.37	A	11902	Acquired	2031-01-27	Common Stock (11902)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29837	Indirect
Common Stock	3321	Indirect
Common Stock	3349	Indirect
Common Stock	4721	Indirect

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 unit award.

F4: Shares held in a revocable trust of which the reporting person and his spouse are trustees, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

F5: Shares held by son in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting
person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the
beneficiaries.

F6: Shares held by daughter in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

F7: Estimate of the number of shares held in the reporting person's ESOP fund as of January 27, 2021. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

F8: The option vests in three equal installments on January 27, 2022, January 27, 2023, and January 27, 2024.