Polaris Inc. — Director's Dealing 2023

Aug 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Polaris Inc. (PII)
CIK: 0000931015
Period of Report: 2023-07-28

Reporting Person: Eastman Stephen L. (President - PG&A + Aftermarket)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-28	Common Stock	M	10000	$125.67	Acquired	27800	Direct
2023-07-28	Common Stock	S	10000	$135.82	Disposed	17800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-28	Employee Stock Option (right to buy)	$125.67	M	10000	Disposed	2024-01-29	Common Stock (10000)	Direct
2023-08-01	Deferred Stock Units	$	I	10000	Disposed		Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	162.66	Indirect

Footnotes

F1: Reflects the weighted average price of 10,000 shares of Common Stock sold by the reporting person in multiple transactions on July 28, 2023 with sales prices ranging from $135.66 to $136.03 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: The option vests in two equal installments on January 29, 2016 and January 29, 2018.

F3: Each deferred stock unit represents the right to receive one share of the Issuer's common stock.

F4: At the settlement date elected by the reporting officer under the Issuer's Supplemental Executive Retirement 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.

F5: The reporting person transferred the value of 10,000 deferred stock units held under the SERP into another investment within the SERP, at a deemed price per unit of $133.66.