SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Duke Benjamin D

(Last)

(First)

(Middle)

2100 HIGHWAY 55

(Street)

PLYMOUTH

55340

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/05/2022

3. Issuer Name and Ticker or Trading Symbol
Polaris Inc. [ PII ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President-Marine

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,360	D
Common Stock	145⁽¹⁾	I	by ESOP

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Options (right to buy)	⁽²⁾	02/21/2030	Common Stock	794	$91.43	D
Employee Stock Options (right to buy)	⁽³⁾	02/19/2031	Common Stock	681	$121.86	D
Employee Stock Options (right to buy)	⁽⁴⁾	02/18/2032	Common Stock	618	$124.58	D

Explanation of Responses:

1. Estimate of the number of shares held in the reporting person's ESOP fund as of May 5, 2022. This plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Polaris stock.

2. The original options for 1,191 shares vest in three equal installments on February 21, 2021, February 21, 2022 and February 21, 2023. The February 21, 2021 installment for 397 shares has vested and been exercised; the February 21, 2022 installment for 397 shares has vested and is exercisable (but has not been exercised); the February 21, 2023 installment for 397 shares has not yet vested and is not yet exercisable.

3. The options vest in three equal installments on February 19, 2022, February 19, 2023 and February 19, 2024.

4. The options vest in three equal installments on February 18, 2023, February 18, 2024 and February 18, 2025.

Remarks:

	Sarah Maveus, Attorney-in-Fact	05/09/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.