Polaris director Shotwell acquires 608.65 stock equivalents

Each credited Common Stock Equivalent may be settled in one share of Polaris common stock.

Rhea-AI Filing Summary

Gwynne Shotwell, a director of Polaris Inc., acquired 608.65 Common Stock Equivalents (CSEs) on October 1, 2026, under the company’s Deferred Compensation Plan for Directors after electing to defer her quarterly cash retainer. Each CSE may be settled in one share of common stock. Her reported post-transaction balance was 30,441.37 shares and share equivalents, including the newly credited CSEs and 346.36 CSEs and deferred stock units acquired through the plan’s dividend reinvestment feature.

Insider Trade Summary

Grant/Award: 608.65 shares

Grant/Award 1 txn

Insider Shotwell Gwynne

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	608.65	$52.37	$32K

Holdings After Transaction: Common Stock — 30,441.37 shares (Direct)

Footnotes (1)

1. F1. The reported transaction involved the crediting of 608.65 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 608.65 newly acquired CSEs, and 346.36 CSEs and deferred stock units acquired pursuant to the dividend reinvestment feature of the DC Plan.

Key Figures

Common Stock Equivalents credited: 608.65 CSEs Reported price per share: $52.37 per share Reported post-transaction holdings: 30,441.37 shares and share equivalents +1 more

4 metrics

Common Stock Equivalents credited 608.65 CSEs October 1, 2026

Reported price per share $52.37 per share Acquisition reported for October 1, 2026

Reported post-transaction holdings 30,441.37 shares and share equivalents Includes CSEs and deferred stock units

Dividend-reinvestment acquisitions 346.36 CSEs and deferred stock units Acquired pursuant to the plan’s dividend reinvestment feature

Key Terms

Common Stock Equivalents (CSEs), Deferred Compensation Plan for Directors (DC Plan), dividend reinvestment feature, deferred stock units

4 terms

Common Stock Equivalents (CSEs) financial

"crediting of 608.65 Common Stock Equivalents (CSEs)"

Deferred Compensation Plan for Directors (DC Plan) financial

"under the Company’s Deferred Compensation Plan for Directors (DC Plan)"

dividend reinvestment feature financial

"acquired pursuant to the dividend reinvestment feature"

deferred stock units financial

"346.36 CSEs and deferred stock units"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many stock equivalents did Gwynne Shotwell acquire in PII?

Gwynne Shotwell acquired 608.65 Common Stock Equivalents on October 1, 2026, under Polaris Inc.’s Deferred Compensation Plan for Directors after electing to defer her quarterly cash retainer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:21 PM Accepted by SEC EDGAR 10/02/2026 - 04:21 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^*

Shotwell Gwynne

(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)
10/01/2026

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	10/01/2026		A		608.65	A	$52.37	30,441.37(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 608.65 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 608.65 newly acquired CSEs, and 346.36 CSEs and deferred stock units acquired pursuant to the dividend reinvestment feature of the DC Plan.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	10/02/2026
	** 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)