Polaris Inc. (PII) executive discloses 750-share tax withholding on Form 4

Rhea-AI Filing Summary

Polaris Inc. officer reports routine share withholding transaction. A company officer, serving as President - On Road and International, reported a Form 4 transaction dated 12/05/2025 involving 750 shares of Polaris common stock disposed of at $67.45 per share under transaction code "F," which typically reflects shares withheld to cover taxes on equity awards.

After this transaction, the officer beneficially owns 44,301 shares of Polaris common stock directly. Additional indirect holdings are reported through family and trust-related accounts, including shares held by a spouse's trust, by a son, by a daughter, and an estimated 4,733 shares held through an ESOP fund as of December 5, 2025. No derivative securities positions are reported in this filing.

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

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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^*

Dougherty Michael D.

(Last) (First) (Middle)

2100 HIGHWAY 55

(Street)

MEDINA 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)
	President - On Road and Int'l

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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	12/05/2025		F		750	D	$67.45	44,301	D
Common Stock								28,299	I	By spouse's trust(1)
Common Stock								3,840	I	by son(2)
Common Stock								3,868	I	by daughter(3)
Common Stock								4,733	I	by ESOP(4)

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. Shares held in a revocable trust of which the reporting person and his spouse are trustees, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

2. Shares held by son in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

3. Shares held by daughter in a transfer of death account of which the beneficiary is the reporting person's spouse's revocable trust. The reporting person and his spouse are trustees of the revocable trust, and the reporting person and his spouse, or other members of their family, are the beneficiaries.

4. Estimate of the number of shares held in the reporting person's ESOP fund as of December 5, 2025. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	12/08/2025
	** 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 transaction did Polaris Inc. (PII) report on this Form 4?

The filing reports that a Polaris Inc. officer disposed of 750 shares of common stock on 12/05/2025 under transaction code "F" at a price of $67.45 per share, typically indicating shares withheld to cover taxes on an equity award.

Who is the reporting person and what is their role at Polaris Inc. (PII)?

The reporting person is an officer of Polaris Inc., serving as President - On Road and Int'l, and is required to report changes in ownership of Polaris common stock.

How many Polaris Inc. (PII) shares does the officer own after the reported transaction?

Following the 750-share disposition, the officer directly owns 44,301 shares of Polaris common stock, with additional indirect holdings reported through family trusts and accounts.

What indirect Polaris Inc. (PII) share holdings are disclosed on this Form 4?

Indirect holdings include shares held in a revocable trust for the officer and spouse, shares in transfer-on-death accounts for the son and daughter where the beneficiary is the spouse's revocable trust, and an estimated 4,733 shares in an ESOP fund as of December 5, 2025.

Does this Polaris Inc. (PII) Form 4 report any derivative securities?

No. The section for Derivative Securities shows no entries, indicating that the officer did not report options, warrants, or other derivative positions in this filing.

Was the Polaris Inc. (PII) transaction reported as part of a Rule 10b5-1 plan?

The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the excerpt does not show that box as marked for this specific transaction.