Polaris (NYSE: PII) SVP granted 34,345 options and adds 9,240 shares

Rhea-AI Filing Summary

Polaris Inc. executive Matthew S. Winings reported new equity awards and share acquisitions. On January 28, 2026, he acquired 9,240 shares of Polaris common stock at $64.94 per share, bringing his directly held common stock to 27,810 shares.

He was also granted an employee stock option for 34,345 shares at an exercise price of $71.43, expiring January 28, 2036. This option vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029. In addition, 257 shares are beneficially owned indirectly through an ESOP as of January 28, 2026.

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^*

Winings Matthew S

(Last) (First) (Middle)

2100 HIGHWAY 55

(Street)

PLYMOUTH MN 55340

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP General Counsel Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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

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

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

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	01/28/2026		A		9,240	A	$64.94	27,810	D
Common Stock								257(1)	I	by ESOP

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
Employee Stock Option (right to buy)	$71.43	01/28/2026		A		34,345		(2)	01/28/2036	Common Stock	34,345	$0	34,345	D

Explanation of Responses:

1. Estimate of the number of shares held in the reporting person's ESOP fund as of January 28, 2026. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

2. The option vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	01/30/2026
	** 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.

FAQ

What insider transactions did Polaris (PII) SVP Matthew S. Winings report?

Matthew S. Winings reported acquiring 9,240 Polaris common shares at $64.94 and receiving 34,345 employee stock options at a $71.43 exercise price. After these transactions, he held 27,810 common shares directly, plus 257 shares indirectly through an ESOP as of January 28, 2026.

How many Polaris (PII) shares does Matthew S. Winings own after the reported transactions?

After the reported activity, Matthew S. Winings directly owns 27,810 Polaris common shares and indirectly benefits from 257 shares held through an ESOP. He also holds 34,345 employee stock options, each tied to one share of Polaris common stock, subject to vesting conditions and expiration.

What are the key terms of Matthew S. Winings’ Polaris stock option grant?

The employee stock option covers 34,345 Polaris common shares at a $71.43 exercise price and expires January 28, 2036. It vests in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029, aligning incentives over multiple years.

How is the ESOP holding disclosed for Polaris (PII) executive Matthew S. Winings?

The disclosure lists 257 Polaris shares indirectly owned through an ESOP as of January 28, 2026. This amount is an estimate because the plan uses unit accounting, meaning the number of shares attributed to a participant varies with changes in Polaris’ stock price over time.

What role does Matthew S. Winings hold at Polaris (PII)?

Matthew S. Winings is identified as an officer of Polaris serving as SVP, General Counsel, and Secretary. His position explains why his equity awards and share ownership are disclosed, providing transparency into the stock and option holdings of a senior legal and corporate governance executive.