Polaris SVP has shares withheld for taxes
Polaris Inc. senior vice president and general counsel Matthew S. Winings reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Polaris Inc. senior vice president and general counsel Matthew S. Winings reported a routine tax-related share disposition. On the vesting of a restricted stock award, 438 shares of common stock were withheld at $66.28 per share to satisfy his tax withholding obligation. Following this, he holds 26,647 Polaris common shares directly and an additional 260.49 shares indirectly through an ESOP account.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 438 | $66.28 | $29K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock award.
Key Figures
Key Terms
tax withholding obligation financial
restricted stock award financial
ESOP financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Polaris (PII) executive Matthew Winings report in this Form 4?
Matthew S. Winings reported a routine tax-related disposition. Polaris withheld 438 common shares upon vesting of a restricted stock award to cover his tax obligation, at a value of $66.28 per share, rather than selling shares on the open market.
Was the Polaris (PII) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 438 shares were withheld by Polaris to cover Matthew Winings’ tax obligation upon vesting of a restricted stock award, a common administrative mechanism for equity compensation.
What is the significance of the ESOP holdings in this Polaris (PII) filing?
The filing notes 260.49 Polaris shares held indirectly for Matthew Winings through an ESOP. This entry reflects beneficial ownership via an employee stock ownership plan and complements his 26,647 directly held shares, giving a fuller view of his reported equity stake.
AI-generated analysis. How Rhea-AI works. Not financial advice.