Rajeev Ravindran - 10 Feb 2023 Form 4 Insider Report for RYDER SYSTEM INC (R)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	R	common stock	Tax liability	$527,954	-5,475	-53%	$96.43	4,796	10 Feb 2023	Direct	F1, F2
transaction	R	common stock	Award	$0	+10,128	+211%	$0.000000	14,924	10 Feb 2023	Direct	F3
transaction	R	common stock	Award	$0	+2,281	+15%	$0.000000	17,205	10 Feb 2023	Direct	F4
transaction	R	common stock	Tax liability	$32,690	-339	-2%	$96.43	16,866	11 Feb 2023	Direct	F5
transaction	R	common stock	Tax liability	$29,700	-308	-1.8%	$96.43	16,558	12 Feb 2023	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of performance-based restricted stock rights (PBRSRs) granted to the reporting person on February 18, 2020.
F2	Includes 51 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.
F3	With respect to PBRSRs, 10,128 shares were earned out of the 6,241 shares that were granted on February 18, 2020. The PBRSRs vested upon Board approval.
F4	Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years.
F5	Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of time-based restricted stock rights granted to the reporting person on February 11, 2022.
F6	Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of time-based restricted stock rights granted to the reporting person on February 12, 2021.