Polaris (PII) CFO Mack Robert Paul Receives 23 Shares via SERP

What Happened

• Mack Robert Paul, Polaris Inc. (PII) Chief Financial Officer and EVP — Finance & Corp Dev, had 23 deferred stock units converted into 23 shares on 2026-09-01 (transaction code M — exercise/conversion of derivative). The Form 4 lists both an acquisition of 23 shares and a corresponding disposition of 23 shares. No dollar prices or total values are reported for these entries (price = N/A), indicating this was a plan distribution/conversion rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely).
• Transaction type/code: M (exercise/conversion of a derivative — deferred stock units).
• Shares reported acquired: 23; shares reported disposed: 23; price reported: N/A.
• Shares owned after transaction: not provided in the provided data.
• Relevant footnotes:
  • F1: Officer elected to receive quarterly distributions of one share per deferred stock unit under the Supplemental Executive Retirement Plan (SERP).
  • F2: Each deferred stock unit equals the right to receive one share on settlement.
  • F3: At elected settlement, the officer is entitled to one share per unit; units may be moved into an alternative investment account after six months and one day.
• Filing status: timely (no late filing indicated).

Context

• Code M indicates an exercise or conversion of a derivative (here, deferred stock units under the SERP). The filing shows both acquisition and immediate disposition of the same number of shares; the Form 4 does not specify the reason for the disposition (e.g., transfer, tax withholding, or other plan mechanics). This transaction reflects plan-based settlement of deferred units rather than a discretionary market purchase or sale.