Speetzen Michael T 4
4 · Polaris Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Polaris (PII) CEO Michael Speetzen Sells 45,252 Shares
What Happened
Michael T. Speetzen, CEO of Polaris Inc. (PII), disposed of a total of 45,252 shares in connection with a restricted stock vesting and subsequent open-market sales. On Feb 10, 2026, 10,166 shares were withheld to satisfy tax withholding on a restricted stock award (value reported at $67.70/share, ~$688,238). On Feb 11, 2026, he sold 12,192 shares (weighted avg $66.54, ~$811,256) and 22,894 shares (weighted avg $66.98, ~$1,533,440) in multiple open-market transactions. Total proceeds reported across the transactions are about $3.03 million. These were sales (not purchases).
Key Details
- Transaction dates: Feb 10, 2026 (tax withholding on vesting) and Feb 11, 2026 (open-market sales). Filing date: Feb 12, 2026 (timely file).
- Prices and values:
- 10,166 shares withheld @ $67.70 = $688,238 (F1: tax withholding on restricted stock vesting).
- 12,192 shares sold @ weighted avg $66.54 = $811,256 (sales prices ranged $66.19–$66.66; reporting person can provide per-share breakdown) (F2).
- 22,894 shares sold @ weighted avg $66.98 = $1,533,440 (sales prices ranged $66.665–$67.425; reporting person can provide per-share breakdown) (F3).
- Total shares disposed: 45,252; total proceeds ≈ $3,032,934. Open-market sales = 35,086 shares (~$2.34M).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes: F1 (shares withheld to satisfy tax withholding on vesting); F2/F3 (weighted averages with price ranges; per-price breakdown available on request); F4 (reporting person disclaims beneficial ownership of shares held by his daughter).
- Filing timeliness: Reported within required Form 4 window (not marked late).
Context
- The Feb 10 transaction was a net-share (withholding) tax settlement tied to the vesting of restricted stock—common for executive compensation and not the same as an intentional open-market sale for investment reasons.
- The Feb 11 transactions were open-market sales, which insiders routinely make for diversification or liquidity; filings are factual and do not state the insider’s motive.
- For investors, purchases by insiders generally carry more informational weight than routine tax-withholding or open-market sales; treat this activity as executive liquidity and tax-related settlement rather than an explicit signal about company fundamentals.
Insider Transaction Report
Form 4
Polaris Inc.PII
Transactions
- Tax Payment
Common Stock
[F1]2026-02-10$67.70/sh−10,166$688,238→ 171,448 total - Sale
Common Stock
[F2]2026-02-11$66.54/sh−12,192$811,256→ 159,256 total - Sale
Common Stock
[F3]2026-02-11$66.98/sh−22,894$1,533,440→ 136,362 total
Holdings
- 787(indirect: as UTMA custodian for granddaughter)
Common Stock
- 1,300(indirect: by daughter)
Common Stock
[F4]
Footnotes (4)
- [F1]Shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock award.
- [F2]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.
- [F3]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.
- [F4]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.
Signature
/s/ Sarah Maveus, as attorney-in-fact|2026-02-12