Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Retention Awards
On December 23, 2020, the Compensation Committee of the Board of Directors of
Polaris Inc. (the "Company") approved retention awards to James P. Williams,
Senior Vice President, Chief Human Resources Officer, and Kenneth J. Pucel,
Executive Vice President, Global Operations, Engineering and Lean, providing for
an award of restricted stock units to be granted in January that will cliff vest
on the second anniversary of the date of grant, subject to the executive
remaining employed with the Company as of such date, absent earlier vesting upon
a termination of employment (i) by the Company (other than for cause), (ii) in
connection with a change in control of the Company, or (iii) as the result of
the RSU Grantee's death or disability, or as otherwise set forth in the grant
agreement. The number of restricted stock units will be calculated by dividing
$1 million by the closing stock price of Company common stock on the date of
grant.
2
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses