Scott Wine Polaris Industries Inc.
Chairman, CEO
Total compensation: $5,603,493 for the year ended December 31, 2016
Salary: $985,000
Nonequity incentive pay: $0
Other compensation: $76,544
Restricted stock: $0
Long-term incentive pay: $0
Exercised stock options: $3,449,500
Value realized on vesting shares: $1,092,449
New stock options: 0
Total 2016 shareholder return: -1.7 percent
Note: Scott Wine's total compensation for 2016 was $5.6 million, down from $19 million in 2015 and $31.3 million in 2014. In the two previous years, Wine's compensation was driven by long-term equity incentives tied to the Polaris stock price. In 2016 the value of those previously issued awards, which either vested or were exercised, was down in part because Polaris' share price has been underperforming its peers in the last three years.
For the second year, Wine did not get an annual incentive bonus. In 2015 he had earned a bonus but declined to accept it. In 2016, which was plagued by a series of product recalls, the company's financial performance meant none of the executives earned a bonus.