Stephen L. Eastman
Equibles does not estimate personal net worth.
About Stephen L. Eastman
Polaris Inc. reported in an 8-K filed November 22, 2024 that Stephen L. Eastman retired as President of Parts, Garments, and Accessories (PG&A) and Aftermarket, effective December 31, 2024. The proxy statement of Polaris Inc. reports total compensation of $2,599,313 for Stephen L. Eastman in fiscal 2024, including a base salary of $613,750. Disclosed compensation is on record for 7 fiscal years.
“On November 19, 2024, Stephen L. Eastman, President of Parts, Garments, and Accessories (PG&A) and Aftermarket, of Polaris Inc. (the "Company"), informed the Company of his decision to retire effective December 31, 2024.”
Affiliation history
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Polaris Inc. (PII)
Proxy statement
Start not stated–2025-03-19
Last confirmed by a filing; no departure on record
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Polaris Inc. (PII)
Proxy statement
Start not stated–2024-12-31
Company network
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Polaris Inc. (PII) | Former President – Parts, Garments and Accessories (PG&A) and Aftermarket | $613,750 | $2,599,313 |
| 2023 | Polaris Inc. (PII) | Former President – Parts, Garments and Accessories (PG&A) and Aftermarket | $592,250 | $2,467,402 |
| 2022 | Polaris Inc. (PII) | Former President – Parts, Garments and Accessories (PG&A) and Aftermarket | $556,539 | $2,828,367 |
| 2021 | Polaris Inc. (PII) | President – PG&A and Aftermarket | $495,154 | $3,347,003 |
| 2020 | Polaris Inc. (PII) | President – PG&A and Aftermarket Amounts shown in this column represent the aggregate grant date fair value of PRSUs granted to each of our NEOs, and the grant date fair value of RSU awards granted to each of our NEOs, in the fiscal years indicated. The calculation of the grant date fair value amounts for PRSU awards granted in 2022 assumes target-level performance against the specified PRSU financial goals. Assuming maximum performance with respect to the applicable performance goals, the amounts reported with respect to PRSU awards for 2022 would be 3,040,511 for Mr. Speetzen, 898,903 for Messrs. Mack and Menneto, 1,269,023 for Mr. Pucel, and 740,462 for Mr. Eastman. The actual value ultimately realized by our NEOs with respect to these PRSU awards will depend on our actual performance against the specified financial goals and the market value of our common stock on the vesting date, and may differ substantially from the grant date fair values shown. The grant date fair value of the time-based RSU awards was computed in accordance with FASB ASC Topic 718, based on the closing market price of our common stock on the grant date. Additional information regarding the 2022 equity awards is set forth below in the Grants of Plan-Based Awards in 2022 table on page 53. Amounts shown in this column represent the grant date fair value of stock option awards granted to each of our NEOs in the fiscal years indicated. Grant date fair value is calculated in accordance with the requirements of FASB ASC Topic 718 using the Black-Scholes method. The assumptions used in determining the grant date fair value of the 2022 awards are set forth in Note 5 to the financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Amounts shown in this column represent payments under the SEP, and are reported for the year in which the related services were performed and the incentive amounts earned. Additional information about these payments is set forth under the caption “2022 Annual Incentive Compensation” on page 42. Amounts shown in this column include Company matching contributions to the 401(k) Plan and SERP, life insurance premiums and the aggregate incremental cost to us of the following perquisites: club dues, financial planning and tax preparation services, BeniComp supplemental health and dental coverage, annual physicals, the use of Company products, the receipt of related parts, garments, accessories, services, and related tax gross-ups. These perquisites are described in further detail under the caption “Perquisites” on page 48. Additional detail (including quantification) regarding the components of the amounts shown for 2022 for each of our NEOs is provided in the All Other Compensation Table on page 52. Mr. Speetzen served as the Company’s CFO in 2020 and was appointed CEO in 2021. Mr. Mack first became a NEO in 2021 and Mr. Menneto first became a NEO in 2020. Mr. Eastman was previously a NEO in 2020. | $471,750 | $2,537,468 |
| 2019 | Polaris Inc. (PII) | President – Parts, Garments & Accessories Base salary rates typically go into effect April 1st of each year, but due to COVID-19, the executive officers agreed to delay their base salary merit increases until July 5, 2020. Also due to the pandemic, in 2020, the executive officers, other than Mr. Wine who voluntarily agreed to forego his base salary from April 12, 2020 through December 31, 2020, agreed to have their base salary reduced by 20% from April 12, 2020 through June 20, 2020. Amounts shown in this column represent the aggregate grant date fair value of PRSUs granted to each of our NEOs, and the grant date fair value of RSU awards granted to each of our NEOs, in the fiscal years indicated. The calculation of the grant date fair value amounts for PRSU awards granted in 2020 assumes target-level performance against the specified PRSU financial goals. Assuming maximum performance with respect to the applicable performance goals, the amounts reported with respect to PRSU awards for 2020 would be 3,558,184 for Mr. Wine, 940,532 for Mr. Speetzen, 1,220,020 for Mr. Pucel, 635,479 for Mr. Menneto, and 610,106 for Mr. Eastman. The actual value ultimately realized by our NEOs with respect to these PRSU awards will depend on our actual performance against the specified financial goals and the market value of our common stock on the vesting date, and may differ substantially from the grant date fair values shown. The grant date fair value of the time-based RSU awards was computed in accordance with FASB ASC Topic 718, based on the closing market price of our common stock on the grant date. Additional information regarding the 2020 equity awards is set forth below in the Grants of Plan-Based Awards in 2020 table on page 45. Amounts shown in this column represent the grant date fair value of stock option awards granted to each of our NEOs in the fiscal years indicated. Grant date fair value is calculated in accordance with the requirements of FASB ASC Topic 718 using the Black-Scholes method. The assumptions used in determining the grant date fair value of the 2020 awards are set forth in Note 4 to the financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. For fiscal year 2020, Mr. Wine’s amount represents the grant date fair value of stock options equal to 3,500,007 and the incremental fair value related to the modification of certain stock options related to Mr. Wine’s departure equal to 531,127 computed as of the modification date in accordance with FASB ASC Topic 718. Amounts shown in this column represent payments under the SEP, and are reported for the year in which the related services were performed and the incentive amounts earned. Additional information about these payments is set forth under the caption “2020 Annual Incentive Compensation” on page 34. Mr. Wine forfeited his SEP payment due to his resignation from the Company on December 31, 2020. Amounts shown in this column include Company matching contributions to the 401(k) Plan and SERP, life insurance premiums and the aggregate incremental cost to us of the following perquisites: club dues, financial planning and tax preparation services, Ultimate Health supplemental health and dental coverage, annual physicals, the use of Company products, the receipt of related parts, garments, accessories, services, and related tax gross-ups. These perquisites are described in further detail under the caption “Perquisites” on page 40. Additional detail (including quantification) regarding the components of the amounts shown for 2020 for each of our NEOs is provided in the All Other Compensation Table on page 40. Mr. Menneto first became a NEO in 2020. Mr. Eastman was previously a NEO in 2015 and 2016. | $459,866 | $2,014,268 |
| 2018 | Polaris Inc. (PII) | President – Parts, Garments & Accessories Base salary rates typically go into effect April 1st of each year, but due to COVID-19, the executive officers agreed to delay their base salary merit increases until July 5, 2020. Also due to the pandemic, in 2020, the executive officers, other than Mr. Wine who voluntarily agreed to forego his base salary from April 12, 2020 through December 31, 2020, agreed to have their base salary reduced by 20% from April 12, 2020 through June 20, 2020. Amounts shown in this column represent the aggregate grant date fair value of PRSUs granted to each of our NEOs, and the grant date fair value of RSU awards granted to each of our NEOs, in the fiscal years indicated. The calculation of the grant date fair value amounts for PRSU awards granted in 2020 assumes target-level performance against the specified PRSU financial goals. Assuming maximum performance with respect to the applicable performance goals, the amounts reported with respect to PRSU awards for 2020 would be 3,558,184 for Mr. Wine, 940,532 for Mr. Speetzen, 1,220,020 for Mr. Pucel, 635,479 for Mr. Menneto, and 610,106 for Mr. Eastman. The actual value ultimately realized by our NEOs with respect to these PRSU awards will depend on our actual performance against the specified financial goals and the market value of our common stock on the vesting date, and may differ substantially from the grant date fair values shown. The grant date fair value of the time-based RSU awards was computed in accordance with FASB ASC Topic 718, based on the closing market price of our common stock on the grant date. Additional information regarding the 2020 equity awards is set forth below in the Grants of Plan-Based Awards in 2020 table on page 45. Amounts shown in this column represent the grant date fair value of stock option awards granted to each of our NEOs in the fiscal years indicated. Grant date fair value is calculated in accordance with the requirements of FASB ASC Topic 718 using the Black-Scholes method. The assumptions used in determining the grant date fair value of the 2020 awards are set forth in Note 4 to the financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. For fiscal year 2020, Mr. Wine’s amount represents the grant date fair value of stock options equal to 3,500,007 and the incremental fair value related to the modification of certain stock options related to Mr. Wine’s departure equal to 531,127 computed as of the modification date in accordance with FASB ASC Topic 718. Amounts shown in this column represent payments under the SEP, and are reported for the year in which the related services were performed and the incentive amounts earned. Additional information about these payments is set forth under the caption “2020 Annual Incentive Compensation” on page 34. Mr. Wine forfeited his SEP payment due to his resignation from the Company on December 31, 2020. Amounts shown in this column include Company matching contributions to the 401(k) Plan and SERP, life insurance premiums and the aggregate incremental cost to us of the following perquisites: club dues, financial planning and tax preparation services, Ultimate Health supplemental health and dental coverage, annual physicals, the use of Company products, the receipt of related parts, garments, accessories, services, and related tax gross-ups. These perquisites are described in further detail under the caption “Perquisites” on page 40. Additional detail (including quantification) regarding the components of the amounts shown for 2020 for each of our NEOs is provided in the All Other Compensation Table on page 40. Mr. Menneto first became a NEO in 2020. Mr. Eastman was previously a NEO in 2015 and 2016. | $444,616 | $2,985,970 |