Polaris (PII) director defers fees into 560 stock equivalent units

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 560.02 Common Stock Equivalents in lieu of cash fees, valued at $64.73 per unit. These units were credited under Polaris’s Deferred Compensation Plan for Directors and each may be settled in one share of common stock.

Following this award and prior accruals, Bilicic now holds 38,076.62 common shares and Common Stock Equivalents directly, including 321.69 units accumulated through the plan’s dividend reinvestment feature.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bilicic George W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	560.02	$64.73	$36K

Holdings After Transaction: Common Stock — 38,076.62 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Common Stock Equivalents granted: 560.02 units Reference price per unit: $64.73 per share Holdings after transaction: 38,076.62 shares/CSEs +1 more

4 metrics

Common Stock Equivalents granted 560.02 units Credited under Deferred Compensation Plan for Directors

Reference price per unit $64.73 per share Value used for the 560.02 CSEs grant

Holdings after transaction 38,076.62 shares/CSEs Total Polaris common stock and equivalents held directly after grant

Dividend reinvestment units 321.69 units CSEs and deferred stock units from dividend reinvestment in the plan

Key Terms

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

3 terms

Common Stock Equivalents (CSEs) financial

"The reported transaction involved the crediting of 560.02 Common Stock Equivalents (CSEs), each of which may be settled in one share of common stock"

Deferred Compensation Plan for Directors financial

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

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.

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 - 04:09 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^*

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)
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		560.02	A	$64.73	38,076.62(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 560.02 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 560.02 newly acquired CSEs, and 321.69 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 insider transaction did Polaris (PII) director George W. Bilicic report?

George W. Bilicic reported an acquisition of 560.02 Common Stock Equivalents as a grant under Polaris’s Deferred Compensation Plan for Directors. The units were received in connection with his election to defer his quarterly cash retainer into stock-based compensation.

Was the Polaris (PII) Form 4 a market purchase or a compensation grant?

The Form 4 reflects a compensation-related grant, not a market purchase. Bilicic received 560.02 Common Stock Equivalents when he chose to defer his quarterly cash director retainer into Polaris stock equivalents under the company’s Deferred Compensation Plan for Directors.

How many Polaris (PII) shares and equivalents does George W. Bilicic hold after this transaction?

After the transaction, Bilicic holds 38,076.62 Polaris common shares and Common Stock Equivalents directly. This total includes the 560.02 newly credited units and additional units accumulated previously, such as those from the plan’s dividend reinvestment feature.

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

Common Stock Equivalents are bookkeeping units under Polaris’s Deferred Compensation Plan for Directors. Each CSE may be settled in one share of common stock, allowing directors to defer cash retainers into stock-linked units instead of receiving immediate cash payments.

How were dividends handled on George W. Bilicic’s deferred Polaris (PII) units?

Under the Polaris Deferred Compensation Plan for Directors, dividends are reinvested into additional units. Bilicic’s total includes 321.69 Common Stock Equivalents and deferred stock units that were acquired through the plan’s dividend reinvestment feature rather than cash payouts.