PII · Polaris Inc.

$69.49 +0.85 (+1.24%) At close · Aug 14

Market Cap

$3.95B

56.89M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael T. Speetzen	Chief Executive Officer	$1,216,562	—	$3,292,784	$3,661,011	$2,719,747	$254,533	$11,144,637
Michael Speetzen	CEO	$1,216,562	—	$3,292,784	$3,661,011	$2,719,747	$254,533	$11,144,637
Robert Mack	Chief Financial Officer and Executive Vice President – Finance and Corporate Development	$747,027	—	$1,888,793	$1,400,011	$1,237,077	$126,530	$5,399,438
James P. Williams	Senior Vice President – Chief Human Resources Officer	$584,923	—	$1,241,223	$920,013	$774,907	$145,400	$3,666,466
Benjamin D. Duke	President – Marine	$597,222	—	$1,187,259	$880,002	$818,791	$128,004	$3,611,278
Michael D. Dougherty	Former President – On Road and International	$613,669	—	$863,473	$640,002	$1,005,190	$109,077	$3,231,411

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael T. Speetzen	Chief Executive Officer	$1,174,200	—	$3,318,386	$3,554,217	$792,585	$186,736	$9,026,124
Michael Speetzen	CEO	$1,174,200	—	$3,318,386	$3,554,217	$792,585	$186,736	$9,026,124
Robert Mack	Chief Financial Officer and Executive Vice President – Finance and Corporate Development	$721,000	—	$1,027,008	$1,100,029	$360,500	$2,043,709	$5,252,246
Steven D. Menneto	Former President – Off Road	$494,900	—	$1,027,008	$1,100,029	—	$60,792	$2,682,729
Kenneth J. Pucel	Former Executive Vice President – Global Operations and Chief Technology Officer	$239,333	—	—	—	—	$2,413,703	$2,653,036
Stephen L. Eastman	Former President – Parts, Garments and Accessories (PG&A) and Aftermarket	$613,750	—	$746,987	$800,027	$306,875	$131,674	$2,599,313
Michael D. Dougherty	President – On Road and International	$592,250	—	$746,987	$800,027	$296,125	$97,016	$2,532,405
James P. Williams	Senior Vice President – Chief Human Resources Officer	$562,500	—	$604,542	$647,531	$225,000	$121,269	$2,160,842

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael Speetzen	CEO	$1,123,750	—	$3,300,279	$3,417,543	$811,348	$220,557	$8,873,477
Michael T. Speetzen	Chief Executive Officer	$1,123,750	—	$3,300,279	$3,417,543	$811,348	$220,557	$8,873,477
Kenneth J. Pucel	Former Executive Vice President – Global Operations and Chief Technology Officer	$767,188	—	$1,158,990	$1,200,034	$472,281	$159,312	$3,757,805
Robert Mack	Chief Financial Officer and Executive Vice President – Finance and Corporate Development	$687,500	—	$893,293	$925,040	$445,500	$145,164	$3,096,497
Steven D. Menneto	Former President – Off Road	$687,500	—	$893,293	$925,040	$420,496	$91,799	$3,018,128
Stephen L. Eastman	Former President – Parts, Garments and Accessories (PG&A) and Aftermarket	$592,250	—	$676,070	$700,009	$375,872	$123,201	$2,467,402
James P. Williams	Senior Vice President – Chief Human Resources Officer	$534,625	—	$603,718	$625,042	$286,559	$111,030	$2,160,974

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael Speetzen	CEO	$1,065,154	—	$2,957,842	$2,875,026	$1,603,057	$263,024	$8,764,103
Michael T. Speetzen	Chief Executive Officer	$1,065,154	—	$2,957,842	$2,875,026	$1,603,057	$263,024	$8,764,103
Kenneth J. Pucel	Former Executive Vice President – Global Operations and Chief Technology Officer	$743,166	—	$1,234,526	$1,200,002	$894,772	$190,640	$4,263,106
Robert Mack	Chief Financial Officer and Executive Vice President – Finance and Corporate Development	$631,539	—	$874,471	$850,012	$760,372	$139,188	$3,255,582
Steven D. Menneto	Former President – Off Road	$627,846	—	$874,471	$850,012	$754,580	$112,356	$3,219,265
Stephen L. Eastman	Former President – Parts, Garments and Accessories (PG&A) and Aftermarket	$556,539	—	$720,332	$700,016	$667,813	$183,667	$2,828,367
James P. Williams	Senior Vice President – Chief Human Resources Officer	$513,947	—	$643,151	$625,018	$494,930	$154,807	$2,431,853

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael Speetzen	CEO	$1,030,154	$0	$5,112,244	$2,057,559	$1,368,044	$190,905	$9,758,906
Michael T. Speetzen	Chief Executive Officer	$1,030,154	$0	$5,112,244	$2,057,559	$1,368,044	$190,905	$9,758,906
Kenneth J. Pucel	Former Executive Vice President – Global Operations and Chief Technology Officer	$717,912	$0	$2,254,041	$1,200,035	$794,728	$163,477	$5,130,192
KennethJ. Pucel	Executive Vice President – Global Operations, Engineering and Lean StevenD. Menneto President – Off-Road	$717,912	$0	$2,254,041	$1,200,035	$794,728	$163,477	$5,130,192
Steven D. Menneto	President – Off-Road	$551,520	$0	$2,731,656	$700,023	$670,780	$140,415	$4,794,394
Robert Mack	Chief Financial Officer and Executive Vice President – Finance & Corporate Development	$603,973	$0	$2,180,932	$656,520	$691,755	$127,519	$4,260,699
RobertP. Mack	Chief Financial Officer and Executive Vice President -- Finance & Corporate Development	$603,973	$0	$2,180,932	$656,520	$691,755	$127,519	$4,260,699
Lucy Clark Dougherty	Senior Vice President, General Counsel and Corporate Secretary 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 2021 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 2021 would be 2,166,435 for Mr. Speetzen, 704,867 for Mr. Mack, 1,307,636 for Mr. Pucel, 762,879 for Mr. Menneto, and 762,879 for Ms. Clark Dougherty. 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 2021 equity awards is set forth below in the Grants of Plan-Based Awards in 2021 table on page 50. 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 2021 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, 2021. 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 “2021 Annual Incentive Compensation” on page 39. 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 45. Additional detail (including quantification) regarding the components of the amounts shown for 2021 for each of our NEOs is provided in the All Other Compensation Table on page 49. Mr. Mack first became a NEO in 2021 and Mr. Menneto first became a NEO in 2020. Ms. Clark Dougherty was previously a NEO in 2018.	$527,214	$0	$1,731,664	$700,023	$468,166	$117,765	$3,544,832
Stephen L. Eastman	President – PG&A and Aftermarket	$495,154	$0	$1,627,214	$600,035	$477,487	$147,113	$3,347,003

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Scott Wine	Chairman and Chief Executive Officer (Principal Executive Officer)	$318,462	$0	$3,529,122	$4,031,134	$0	$258,741	$8,137,459
KennethJ. Pucel	Executive Vice President – Global Operations, Engineering and Lean StevenD. Menneto President – Off-Road	$688,500	$0	$1,210,056	$1,200,004	$956,000	$134,512	$4,189,072
Kenneth J. Pucel	Executive Vice President – Global Operations, Engineering and Lean	$688,500	$0	$1,210,056	$1,200,004	$956,000	$134,512	$4,189,072
Michael Speetzen	CEO	$643,885	$0	$932,850	$925,021	$1,100,000	$184,985	$3,786,741
Michael T. Speetzen	Chief Executive Officer	$643,885	$0	$932,850	$925,021	$1,100,000	$184,985	$3,786,741
Steven D. Menneto	President – Off-Road Stephen L. Eastman President – PG&A and Aftermarket	$525,000	$0	$630,289	$625,004	$792,000	$71,040	$2,643,333
Stephen L. Eastman	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.	$471,750	$0	$605,123	$600,013	$740,000	$120,582	$2,537,468
Lucy Clark Dougherty	Senior Vice President, General Counsel and Corporate Secretary 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 2021 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 2021 would be 2,166,435 for Mr. Speetzen, 704,867 for Mr. Mack, 1,307,636 for Mr. Pucel, 762,879 for Mr. Menneto, and 762,879 for Ms. Clark Dougherty. 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 2021 equity awards is set forth below in the Grants of Plan-Based Awards in 2021 table on page 50. 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 2021 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, 2021. 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 “2021 Annual Incentive Compensation” on page 39. 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 45. Additional detail (including quantification) regarding the components of the amounts shown for 2021 for each of our NEOs is provided in the All Other Compensation Table on page 49. Mr. Mack first became a NEO in 2021 and Mr. Menneto first became a NEO in 2020. Ms. Clark Dougherty was previously a NEO in 2018.	$501,016	$0	$705,977	$700,019	$558,000	$56,478	$2,521,490

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Scott Wine	Chairman and Chief Executive Officer (Principal Executive Officer)	$1,029,616	$0	$4,097,853	$3,500,441	$1,325,835	$204,707	$10,158,452
KennethJ. Pucel	Executive Vice President – Global Operations, Engineering and Lean StevenD. Menneto President – Off-Road	$670,962	$0	$1,346,542	$1,150,149	$705,000	$101,100	$3,973,753
Kenneth J. Pucel	Executive Vice President – Global Operations, Engineering and Lean	$670,962	$0	$1,346,542	$1,150,149	$705,000	$101,100	$3,973,753
Michael Speetzen	CEO	$624,231	$0	$1,024,513	$875,110	$660,000	$141,513	$3,325,367
Michael T. Speetzen	Chief Executive Officer	$624,231	$0	$1,024,513	$875,110	$660,000	$141,513	$3,325,367
Christopher S. Musso	Senior Vice President – Electrification Strategy	$552,423	$0	$995,201	$850,114	$450,000	$65,726	$2,913,464
James P. Williams	Senior Vice President – Chief Human Resources Officer	$465,423	$0	$731,795	$625,087	$425,000	$229,126	$2,476,431
Lucy Clark Dougherty	Senior Vice President, General Counsel and Corporate Secretary 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 2021 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 2021 would be 2,166,435 for Mr. Speetzen, 704,867 for Mr. Mack, 1,307,636 for Mr. Pucel, 762,879 for Mr. Menneto, and 762,879 for Ms. Clark Dougherty. 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 2021 equity awards is set forth below in the Grants of Plan-Based Awards in 2021 table on page 50. 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 2021 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, 2021. 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 “2021 Annual Incentive Compensation” on page 39. 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 45. Additional detail (including quantification) regarding the components of the amounts shown for 2021 for each of our NEOs is provided in the All Other Compensation Table on page 49. Mr. Mack first became a NEO in 2021 and Mr. Menneto first became a NEO in 2020. Ms. Clark Dougherty was previously a NEO in 2018.	$468,269	$0	$730,874	$625,087	$425,000	$109,981	$2,359,211
Stephen L. Eastman	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	$0	$480,483	$550,078	$390,000	$133,841	$2,014,268

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Scott Wine	Chairman and Chief Executive Officer (Principal Executive Officer)	$1,006,923	$0	$3,400,255	$3,400,839	$1,290,000	$202,894	$9,300,912
Christopher S. Musso	Senior Vice President – Electrification Strategy	$540,000	$1,035,825	$843,893	$844,003	$575,000	$242,938	$4,081,659
Kenneth J. Pucel	Executive Vice President – Global Operations, Engineering and Lean	$657,308	$0	$1,141,870	$1,141,889	$630,000	$152,518	$3,723,585
Stephen L. Eastman	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	$0	$1,626,653	$496,486	$335,000	$83,215	$2,985,970
Michael T. Speetzen	Executive Vice President – Chief Financial Officer (Principal Financial Officer)	$594,616	$0	$744,717	$744,716	$630,000	$183,331	$2,897,380
Michael Speetzen	CFO	$594,616	$0	$744,717	$744,716	$630,000	$183,331	$2,897,380

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Scott Wine	Chairman and Chief Executive Officer (Principal Executive Officer)	$985,000	$0	$1,258,878	$4,653,134	$1,856,558	$88,844	$8,842,414
Christopher S. Musso	Senior Vice President – Electrification Strategy	$72,692	$550,000	$3,458,400	$0	$0	$64,277	$4,145,369
Kenneth J. Pucel	Executive Vice President – Global Operations, Engineering and Lean	$636,539	$0	$532,924	$1,969,961	$851,239	$75,266	$4,065,929
Michael T. Speetzen	Executive Vice President – Chief Financial Officer (Principal Financial Officer)	$571,923	$0	$404,293	$1,494,434	$771,577	$153,414	$3,395,641
Michael Speetzen	CFO	$571,923	$0	$404,293	$1,494,434	$771,577	$153,414	$3,395,641

Executive changes

Person	Role	Change	Effective	Filed
Dustin J. Semach	Class III director	Appointed	2026-06-19	2026-06-22
Gwenne A. Henricks	Class II member of the Board of Directors	Appointed	2026-04-30	2026-05-01
Gary E. Hendrickson	Class II member of the Board of Directors	Appointed	2026-04-30	2026-05-01
George W. Bilicic	Class II member of the Board of Directors	Appointed	2026-04-30	2026-05-01
Kevin M. Farr	member of the Board of Directors	Resigned	2026-01-14	2026-01-09
Stephen L. Eastman	President of Parts, Garments, and Accessories (PG&A) and Aftermarket	Retired	2024-12-31	2024-11-22
Steven D. Menneto	President - Off Road	Resigned	2024-07-19	2024-07-19
John P. Wiehoff	Class III member of the Board of Directors	Appointed	2024-04-25	2024-04-29
Michael T. Speetzen	Class III member of the Board of Directors	Appointed	2024-04-25	2024-04-29
Darryl R. Jackson	Class III member of the Board of Directors	Appointed	2024-04-25	2024-04-29
Kevin M. Farr	Class III member of the Board of Directors	Appointed	2024-04-25	2024-04-29
Doug Adrian	vice president of Quality & Operational Excellence	Appointed	—	2024-01-11
Tony Kinsman	Chief Technology Officer	Appointed	—	2024-01-11
Ken Pucel	Executive Vice President, Global Operations and Chief Technology Officer	Retired	2024-04-12	2024-01-11

Key facts CIK 931015 CUSIP 731068102 13F (30d) 467 filings 436 filers Visit website Investor relations