Polaris (PII) CEO Michael Speetzen sells shares and logs tax withholding

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Polaris Inc. CEO Michael T. Speetzen reported several common stock transactions in February 2026. On February 10, 2026, 10,166 shares were withheld at $67.7 per share to cover tax obligations from a restricted stock vesting.

On February 11, 2026, he executed open-market sales of 12,192 shares at a weighted average price of $66.54 and 22,894 shares at a weighted average price of $66.98, both in multiple transactions. After these trades, he directly owned 136,362 Polaris shares.

He also reported indirect holdings of 787 shares as UTMA custodian for his granddaughter and 1,300 shares held by his daughter, for which he expressly disclaims beneficial ownership.

Insider Trade Summary

Net Seller: 35,086 shares ($2,344,696)

Net Sell 5 txns

Insider Speetzen Michael T

Role CEO

Sold 35,086 shs ($2.34M)

Type	Security	Shares	Price	Value
Sale	Common Stock	12,192	$66.54	$811K
Sale	Common Stock	22,894	$66.98	$1.53M
Tax Withholding	Common Stock	10,166	$67.70	$688K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 159,256 shares (Direct); Common Stock — 787 shares (Indirect, as UTMA custodian for granddaughter)

Footnotes (1)

Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock award. Reflects the weighted average sales price of 12,192 shares of Common Stock sold by the reporting person in multiple transactions on February 11, 2026 with sales prices ranging from $66.19 to $66.66 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average sales price of 22,894 shares of Common Stock sold by the reporting person in multiple transactions on February 11, 2026 with sales prices ranging from $66.665 to $67.425 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

Form 4 Insider Transactions: What Each Field Means →

02/12/2026 - 08:12 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^*

Speetzen Michael T

(Last)

(First)

(Middle)

2100 HIGHWAY 55

(Street)

MEDINA

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)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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)
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	02/10/2026		F		10,166⁽¹⁾	D	$67.7	171,448	D
Common Stock	02/11/2026		S		12,192	D	$66.54⁽²⁾	159,256	D
Common Stock	02/11/2026		S		22,894	D	$66.98⁽³⁾	136,362	D
Common Stock								787	I	as UTMA custodian for granddaughter
Common Stock								1,300	I⁽⁴⁾	by daughter

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. Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock award.

2. Reflects the weighted average sales price of 12,192 shares of Common Stock sold by the reporting person in multiple transactions on February 11, 2026 with sales prices ranging from $66.19 to $66.66 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Reflects the weighted average sales price of 22,894 shares of Common Stock sold by the reporting person in multiple transactions on February 11, 2026 with sales prices ranging from $66.665 to $67.425 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Sarah Maveus, as attorney-in-fact	02/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Polaris (PII) CEO Michael Speetzen report?

Polaris CEO Michael Speetzen reported a tax-related share withholding and two open-market stock sales. He disposed of 10,166 shares for tax withholding and sold 12,192 and 22,894 shares in separate transactions, all in February 2026, while retaining a substantial direct holding.

How many Polaris (PII) shares did the CEO sell in February 2026 and at what prices?

Michael Speetzen sold 12,192 Polaris shares at a weighted average price of $66.54 and 22,894 shares at a weighted average price of $66.98. Both transactions occurred on February 11, 2026, and were executed as multiple trades within stated price ranges.

Were any Polaris (PII) shares withheld from the CEO for tax purposes?

Yes. On February 10, 2026, 10,166 Polaris common shares were withheld from Michael Speetzen. The shares, valued at $67.7 each, were used to satisfy his tax withholding obligation related to the vesting of a restricted stock award.

How many Polaris (PII) shares does the CEO own after these transactions?

After the reported transactions, Michael Speetzen directly owned 136,362 Polaris common shares. He also reported 787 shares held as UTMA custodian for his granddaughter, plus 1,300 shares held by his daughter, for which he disclaims beneficial ownership.

Does the Polaris (PII) CEO have indirect ownership interests in company stock?

Yes, indirect interests were reported. Michael Speetzen is UTMA custodian for 787 Polaris shares held for his granddaughter. An additional 1,300 shares are held by his daughter, but he expressly disclaims beneficial ownership of her shares for Section 16 purposes.

What do the weighted average prices in the Polaris (PII) CEO’s sales mean?

The weighted average prices reflect many individual trades aggregated into one reported figure. For the 12,192-share sale, trades ranged from $66.19 to $66.66, and for the 22,894-share sale, trades ranged from $66.665 to $67.425, all executed on February 11, 2026.