Polaris (PII) SVP-CHRO gets 37,207 options and adds 10,010 shares

Rhea-AI Filing Summary

Polaris Inc. senior vice president and CHRO James P. Williams reported new equity awards and stock acquisition. On January 28, 2026, he received an employee stock option for 37,207 shares of Polaris common stock at an exercise price of $71.43 per share, vesting in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029, and expiring on January 28, 2036. The same day, he acquired 10,010 shares of common stock at a price of $64.94 per share, bringing his directly held common stock to 53,888 shares.

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^*

Williams James P

(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)
	SVP-CHRO

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		10,010	A	$64.94	53,888	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
Employee Stock Option (right to buy)	$71.43	01/28/2026		A		37,207		(1)	01/28/2036	Common Stock	37,207	$0	37,207	D

Explanation of Responses:

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

Remarks:

	Sarah Maveus, 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.
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FAQ

What insider transactions did Polaris (PII) report for James P. Williams?

Polaris reported that SVP-CHRO James P. Williams received an employee stock option for 37,207 shares and acquired 10,010 Polaris common shares on January 28, 2026. Both positions are held directly in his name after these transactions.

How many Polaris (PII) shares does James P. Williams own after this Form 4?

After the reported transaction, James P. Williams directly owns 53,888 shares of Polaris common stock. In addition, he holds an employee stock option covering 37,207 shares of Polaris common stock, subject to the specified vesting schedule and exercise price.

What are the terms of James P. Williams’ new Polaris stock options?

James P. Williams received an employee stock option for 37,207 Polaris common shares at an exercise price of $71.43 per share. The option vests in three equal installments in 2027, 2028, and 2029 and has an expiration date of January 28, 2036.

On what dates do James P. Williams’ Polaris options vest?

The option granted to James P. Williams vests in three equal installments. The vesting dates are February 9, 2027, February 8, 2028, and February 13, 2029, aligning the equity award with a multi-year retention and performance horizon for the Polaris executive.

At what price did James P. Williams acquire Polaris common stock?

James P. Williams acquired 10,010 shares of Polaris common stock at a price of $64.94 per share on January 28, 2026. This non-derivative acquisition increased his directly held common stock position to 53,888 shares following the reported transaction.

What is the exercise price and expiration date of the Polaris options granted?

The employee stock option granted to James P. Williams has an exercise price of $71.43 per Polaris common share. The option expires on January 28, 2036, providing a long-dated incentive period once the staged vesting schedule is satisfied in 2027, 2028, and 2029.