Speetzen Michael T 4

What Happened

• Michael T. Speetzen, CEO of Polaris Inc. (PII), had 6,503 shares withheld to satisfy tax withholding related to the vesting of a restricted stock award. The withholding was reported as a disposition at a per-share value of $63.84, totaling $415,152. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-01
• Price used for withholding: $63.84 per share
• Shares withheld/disposed: 6,503 — total value $415,152
• Transaction code: F (shares withheld to satisfy tax withholding upon vesting)
• Footnotes: F1 confirms shares withheld to satisfy tax obligation; F2 states the reporting person disclaims beneficial ownership of shares held by his daughter
• Shares owned after transaction: not specified in the reported Form 4
• Filing: Form 4 filed 2026-02-04 referencing the Feb 1 transaction (no late-filing notation in the filing itself)

Context

• This was a routine tax-withholding transaction tied to the vesting of restricted stock (a common, non-speculative corporate event). The shares were withheld to cover taxes rather than sold in the open market by the insider, so it should not be interpreted as an active bearish trade by management.