CEO Pay Watch: Polaris' Scott Wine made $2.9 million last year

Chairman, CEO

Total compensation: $2,930,402 for the year ended Dec. 31

Salary: $985,000

Nonequity incentive pay: $1,856,558

Other compensation: $88,844

Exercised stock options: $0

Value realized on vesting shares: $0

CEO pay ratio: 199:1

Median employee pay: $44,328

Total 2017 shareholder return: 54.2 percent

Note: Wine took home $2.7 million less in 2017; he made $5.6 million in 2016. Sales at the maker of ATVs, motorcycles and snowmobiles rose 20.2 percent to $5.4 billion, but the company's net income decreased 19.2 percent to $172.5 million, and net income per diluted share sank 17.1 percent to $2.69 per share.

In the previous two years, Wine did not earn annual cash incentive bonuses but did so this year. The bonus was based on 75 percent of adjusted earnings per share and 25 percent on inventory levels. In 2017, the target for adjusted EPS was $4.50 per share

Shareholders gave a relatively low approval of the company's executive compensation program last year, 81.1 percent of shares in favor, which helped to kick off a shareholder outreach program to explain more fully corporate governance and executive compensation.

In 2016 the company was hit hard by product recalls, but Wine took home more without an annual incentive bonus because he realized about $4.5 million from previously issued long-term equity awards, including $3.4 million from stock option exercises that year. In 2017, he realized nothing from long-term equity awards.

The CEO pay ratio is calculated based on Wine's total in the summary compensation table, $8.8 million, which includes grant date value of long-term equity awards.