Polaris (PII) director defers cash, gains 492 stock equivalents

Rhea-AI Filing Summary

Polaris Inc. director Gary E. Hendrickson acquired 492.43 Common Stock Equivalents at $64.73 per share under the company’s Deferred Compensation Plan for Directors. This reflects his choice to defer his quarterly cash retainer into stock-based units. Following the crediting, his direct holdings total 60,221.32 shares and units, including 525.72 units accumulated through the plan’s dividend reinvestment feature.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hendrickson Gary E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	492.43	$64.73	$32K

Holdings After Transaction: Common Stock — 60,221.32 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock equivalents granted: 492.43 units Reference price per share: $64.73/share Holdings after transaction: 60,221.32 shares/units +2 more

5 metrics

Stock equivalents granted 492.43 units Common Stock Equivalents credited in lieu of quarterly cash retainer

Reference price per share $64.73/share Price used for 492.43 Common Stock Equivalents

Holdings after transaction 60,221.32 shares/units Total direct position following July 1, 2026 Form 4 transaction

Prior DRIP-based units 525.72 units CSEs and deferred stock units from dividend reinvestment feature

Transaction date July 1, 2026 Date Common Stock Equivalents were credited

Key Terms

Common Stock Equivalents (CSEs), Deferred Compensation Plan for Directors (DC Plan), dividend reinvestment feature

3 terms

Common Stock Equivalents (CSEs) financial

"The reported transaction involved the crediting of 492.43 Common Stock Equivalents (CSEs), each of which may be settled in one share"

Deferred Compensation Plan for Directors (DC Plan) financial

"to the reporting person's account under the Company's Deferred Compensation Plan for Directors (DC Plan)"

dividend reinvestment feature financial

"CSEs and deferred stock units acquired pursuant to the dividend reinvestment feature of the DC Plan"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:11 PM Accepted by SEC EDGAR 07/02/2026 - 04:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hendrickson Gary E

(Last) (First) (Middle)

2100 HIGHWAY 55

(Street)

MEDINA MINNESOTA 55340

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Polaris Inc. [ PII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		A		492.43	A	$64.73	60,221.32(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported transaction involved the crediting of 492.43 Common Stock Equivalents (CSEs), each of which may be settled in one share of common stock, to the reporting person's account under the Company's Deferred Compensation Plan for Directors (DC Plan) in connection with the reporting person's election to defer receipt of the reporting person's quarterly cash retainer payment. The total reported in column 5 includes the 492.43 newly acquired CSEs, and 525.72 CSEs and deferred stock units acquired pursuant to the dividend reinvestment feature of the DC Plan.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Polaris (PII) director Gary E. Hendrickson report on this Form 4?

Gary E. Hendrickson reported acquiring 492.43 Common Stock Equivalents. These were credited to his account instead of receiving a quarterly cash retainer, increasing his direct holdings to 60,221.32 shares and units under Polaris’s director compensation programs.

How many Polaris (PII) stock equivalents did Hendrickson receive and at what price?

Hendrickson received 492.43 Common Stock Equivalents at a reference price of $64.73 per share. Each equivalent may be settled in one share of common stock under Polaris’s Deferred Compensation Plan for Directors, reflecting stock-based board compensation.

What plan was used for Gary Hendrickson’s deferred compensation at Polaris (PII)?

The transaction used Polaris’s Deferred Compensation Plan for Directors. Under this plan, Hendrickson elected to defer his quarterly cash retainer into 492.43 Common Stock Equivalents, with additional units previously accumulated via the plan’s dividend reinvestment feature.

How many Polaris (PII) shares and units does Hendrickson hold after this transaction?

After the transaction, Hendrickson directly holds 60,221.32 shares and units. This total includes the newly credited 492.43 Common Stock Equivalents and 525.72 units accumulated earlier through dividend reinvestment within the directors’ deferred compensation plan.

What are Common Stock Equivalents in the Polaris (PII) director plan?

Common Stock Equivalents are units that may be settled in one Polaris common share each. They are credited under the Deferred Compensation Plan for Directors when a director elects to defer cash compensation, and can also grow through a dividend reinvestment feature.