Hendrickson Gary E 4

What Happened

• Gary E. Hendrickson, a director of Polaris Inc. (PII), was credited 651.28 Common Stock Equivalents (CSEs) on April 1, 2026 as an award/acquisition under the company's Deferred Compensation Plan for Directors. The reported per-share value for the transaction was $54.70, yielding a transaction value of approximately $35,625. These CSEs may be settled into one share of common stock each.

Key Details

• Transaction date and price: April 1, 2026 — 651.28 CSEs at $54.70 each (total ~$35,625).
• Filing date: Form 4 filed April 2, 2026 (one day after the transaction).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnote: The filing states the column 5 total includes the 651.28 newly credited CSEs plus 657.16 CSEs and deferred stock units acquired via the DC Plan’s dividend reinvestment feature (combined total = 1,308.44 CSEs/DSUs reported).
• Transaction type: A (Award/Grant) — this is a deferred-compensation credit, not an open-market purchase or sale.

Context

• These CSE credits reflect a director’s election to defer a cash retainer into the Deferred Compensation Plan; they are routine compensation/deferral transactions rather than a direct buy or sell that signals immediate trading intent.
• Because CSEs are a derivative form of compensation that can convert to shares later, they differ from outright purchases or sales and should be interpreted as part of director compensation mechanics, not necessarily as a personal market investment decision.