CEO Pay Watch: Polaris' Scott Wine's compensation declined 70 percent in 2016

February 25, 2017 at 6:03AM
Scott Wine, chief executive officer of Polaris Industries Inc., the parent company of Indian Motorcycle Co., sits for a photograph on a new 2014 Chief Classic motorcycle in New York, U.S., on Monday, Aug. 5, 2013. Indian Motorcycle Co., America�s first motorcycle company, announced today the details for the new 2014 Indian Chief family of motorcycles. Photographer: Peter Foley/Bloomberg *** Local Caption *** Scott Wine
Scott Wine, chief executive officer of Polaris Industries Inc., the parent company of Indian Motorcycle Co., sits for a photograph on a new 2014 Chief Classic motorcycle in New York, U.S., on Monday, Aug. 5, 2013. (Evan Ramstad — Bloomberg/The Minnesota Star Tribune)
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.

about the writer

about the writer

Patrick Kennedy

Reporter

Business reporter Patrick Kennedy covers executive compensation and public companies. He has reported on the Minnesota business community for more than 25 years.

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