KESSLER BERND F 4

What Happened
Bernd F. Kessler, a director of Polaris Inc. (PII), was credited 605.58 Common Stock Equivalents (CSEs) on 2026-04-01 as an award/acquisition under the company’s Deferred Compensation Plan for Directors. The reported per-share valuation was $54.70, giving a notional value of about $33,125. This was a non-cash credit (award/deferral), not an open-market purchase.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-02 (timely filing).
• Transaction type/code: A — Award/Grant/Other acquisition of CSEs.
• Shares/CSEs credited: 605.58 CSEs at $54.70 each (notional value ≈ $33,125).
• Column 5 note: The filing states the column 5 total includes the 605.58 newly credited CSEs plus 744.88 CSEs/deferred stock units from dividend reinvestment (605.58 + 744.88 = 1,350.46 CSEs total reflected).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnote: The CSEs may be settled into common shares under the Deferred Compensation Plan for Directors; this credit reflects an election to defer the director’s quarterly cash retainer.

Context

• These CSE credits are a form of deferred compensation for a director and are not an open-market buy (so they don't necessarily signal new personal cash investment).
• Common Stock Equivalents are derivative units that may convert to shares later; they are routinely used in director pay and often reflect compensation elections and dividend reinvestment rather than trading intent.