Polaris Inc (PII) CEO receives 243,275 options and adds 65,446 shares

Rhea-AI Filing Summary

Polaris Inc CEO Michael T. Speetzen reported new equity awards. On 01/28/2026 he received 243,275 employee stock options with an exercise price of $71.43 per share, covering the same number of Polaris common shares and expiring on 01/28/2036.

These options vest in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029. On the same date, he also acquired 65,446 shares of Polaris common stock at $64.94 per share, bringing his directly owned common stock holdings to 188,117 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^*

Speetzen Michael T

(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)
	CEO

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		65,446	A	$64.94	188,117	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		243,275		(1)	01/28/2036	Common Stock	243,275	$0	243,275	D

Explanation of Responses:

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

Remarks:

	/s/ Sarah Maveus, as 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.
* 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.
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FAQ

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

Polaris Inc reported that CEO Michael T. Speetzen received 243,275 employee stock options at a $71.43 exercise price and acquired 65,446 common shares at $64.94 on January 28, 2026, increasing his directly owned common stock to 188,117 shares.

How many Polaris Inc (PII) stock options were granted to the CEO and at what price?

Michael T. Speetzen was granted 243,275 employee stock options, each with an exercise price of $71.43 per Polaris common share. These options were awarded on January 28, 2026 and are tied to the same number of underlying Polaris common shares.

When do Michael Speetzen’s new Polaris (PII) stock options vest and expire?

The employee stock options granted to Michael T. Speetzen vest in three equal installments on February 9, 2027, February 8, 2028, and February 13, 2029. The options expire on January 28, 2036, giving a long-term incentive horizon.

How many Polaris Inc (PII) common shares does the CEO own after the reported Form 4?

After acquiring 65,446 Polaris common shares at $64.94 on January 28, 2026, CEO Michael T. Speetzen directly owns 188,117 common shares. This figure reflects his holdings following the reported transaction and is listed as directly owned.

What type of equity award did Polaris (PII) grant its CEO in this filing?

Polaris granted CEO Michael T. Speetzen an employee stock option award, giving the right to buy 243,275 Polaris common shares at $71.43 per share. The award was reported as acquired at a derivative price of $0, typical for compensation grants.

Was Michael Speetzen’s Polaris (PII) stock acquisition direct or indirect ownership?

The Form 4 lists Michael T. Speetzen’s post-transaction ownership of 188,117 Polaris common shares as direct. Both the 65,446-share acquisition and his total holdings are reported under direct ownership, with no indirect ownership nature described.