Mack Robert Paul 4

What Happened

• Robert (Paul) Mack, Chief Financial Officer and EVP — Finance & Corp Dev of Polaris Inc. (PII), had 23 deferred stock units converted into 23 shares on 2026-03-02 (transaction code M — exercise/conversion of a derivative). The same filing also shows a contemporaneous disposition of 23 shares (also coded M). No trade prices or dollar values are provided in the filing (reported as N/A).

Key Details

• Transaction date: 2026-03-02. Form filed: 2026-03-03 (reporting period 2026-03-02). Not marked late.
• Transaction type/code: M = exercise or conversion of a derivative (deferred stock units converted to common shares).
• Reported amounts: 23 shares acquired; 23 shares disposed (both entries present). Price and total dollar value: N/A in the filing.
• Shares owned after the transaction: not specified in the provided data.
• Relevant footnotes:
  • F1–F3: These shares arose from Polaris' Supplemental Executive Retirement Plan (SERP). The officer elected quarterly distributions of one share per deferred stock unit; each unit equals the right to one common share at settlement. Units may be moved into an alternative investment account under the SERP after six months and one day.

Context

• This filing reflects conversion/settlement of deferred compensation units under the company's SERP rather than an open-market purchase or routine sale. Because there's no reported sale price or cash proceeds, the "disposition" entry appears tied to the SERP settlement mechanics (per footnotes) rather than a market trade. Such distributions are typically administrative and do not necessarily indicate the insider's market view.