Polaris (PII) director awarded 2,641 deferred units, boosting holdings

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bilicic George W reported acquisition or exercise transactions in this Form 4 filing.

Polaris Inc. director George W. Bilicic received a grant of 2,641 deferred stock units of common stock. The units were credited on April 30, 2026 under the Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan and the Company’s Deferred Compensation Plan for Directors.

Each deferred stock unit may be settled in one share of Polaris common stock in the future. Following this award, Bilicic’s direct holdings reported in this filing total 37,194.91 shares of common stock-equivalent, reflecting routine, compensation-related equity rather than an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bilicic George W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,641	$66.27	$175K

Holdings After Transaction: Common Stock — 37,194.91 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,641 units Reference price per unit: $66.27 per unit Holdings after transaction: 37,194.91 shares

3 metrics

Deferred stock units granted 2,641 units Award to director George W. Bilicic on April 30, 2026

Reference price per unit $66.27 per unit Value used for the 2,641 deferred stock units

Holdings after transaction 37,194.91 shares Total direct common stock-equivalent reported after the grant

Key Terms

deferred stock units, Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan, Deferred Compensation Plan for Directors

3 terms

deferred stock units financial

"The reported transaction involved the crediting of 2,641 deferred stock units granted under the Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan financial

"deferred stock units granted under the Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan"

Deferred Compensation Plan for Directors financial

"each of which may be settled in one share of common stock pursuant to the Company's Deferred Compensation Plan for Directors"

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 05:05 PM

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^*

Bilicic George W

(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)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		A		2,641	A	$66.27	37,194.91⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported transaction involved the crediting of 2,641 deferred stock units granted under the Amended & Restated Polaris Inc. 2024 Omnibus Incentive Plan, each of which may be settled in one share of common stock pursuant to the Company's Deferred Compensation Plan for Directors.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	05/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Polaris (PII) director George W. Bilicic report on this Form 4?

George W. Bilicic reported receiving 2,641 deferred stock units of Polaris common stock. These units were granted as part of his director compensation and credited under the company’s 2024 Omnibus Incentive Plan and Deferred Compensation Plan for Directors, rather than bought on the open market.

How many Polaris (PII) deferred stock units were granted to George W. Bilicic?

George W. Bilicic was granted 2,641 deferred stock units tied to Polaris common stock. Each unit represents the right to receive one share in the future, providing equity-based compensation that aligns his interests with shareholders while deferring actual share settlement until a later date under plan terms.

At what value were George W. Bilicic’s Polaris (PII) deferred stock units recorded?

The 2,641 deferred stock units for George W. Bilicic were recorded at a reference price of $66.27 per unit. This price is used for reporting purposes in the Form 4 and reflects the fair value applied to the equity grant on the transaction date disclosed.

What are George W. Bilicic’s total reported Polaris (PII) holdings after this grant?

After the deferred stock unit grant, George W. Bilicic’s total reported direct holdings are 37,194.91 shares of Polaris common stock-equivalent. This figure includes the newly credited deferred stock units and shows his overall equity exposure as a director following the compensation-related transaction on the reported date.

Is George W. Bilicic’s Polaris (PII) Form 4 transaction an open-market purchase?

No, the Form 4 transaction for George W. Bilicic is not an open-market purchase. It reflects a grant of 2,641 deferred stock units under Polaris’s director compensation plans, meaning the shares were awarded as equity compensation rather than acquired by buying stock in the public market.