Speetzen Michael T

Since early 2025, Speetzen Michael T has filed more than 40 Form 4 disclosures across two companies, yet his open-market activity shows a clear directional bias: he has sold shares in both positions while never making a single open-market purchase. The most recent cluster of transactions, all dated February 11, 2026, consisted of three open-market sales totaling roughly $3.04 million. The largest of these was a $1.53 million sale in Polaris Inc. (PII), followed by an $811,256 sale in the same ticker and a $699,945 sale in Pentair plc (PNR). Across all filings, his cumulative open-market sales reached $3.04 million, with zero corresponding buy-side trades. The selling pattern is layered atop a steady stream of equity compensation. On January 28, 2026, Speetzen received a grant in PII valued at $4.25 million, and on January 2, 2026, he received two zero-value awards in PNR. Those grants were immediately followed by tax-withholding events coded as “F,” including a $688,238 withholding on February 10, 2026, and a $415,152 withholding on February 1, 2026, both in PII. The February 11 sales came just one day after the largest of those tax-related dispositions, suggesting the open-market sales were not isolated events but part of a broader pattern of monetizing recently vested or awarded equity. Notably, Speetzen’s history also includes several gifts of PII shares in December 2025 and February 2025, all valued at zero, which further reduce his direct holdings without generating cash proceeds. While the compensation grants and automatic withholdings are mechanical, the three February 2026 sales represent the only discretionary trades in the recent window, and they were uniformly to the sell side. The absence of any open-market purchases, combined with the concentration of sales immediately following a large equity grant, points to a consistent posture of reducing exposure in both PII and PNR rather than accumulating additional shares.