Robert E. Sanchez - Feb 9, 2024 Form 4 Insider Report for RYDER SYSTEM INC (R)

Role
Chair and CEO, Director
Signature
/s/ Robert D. Fatovic, by power of attorney
Stock symbol
R
Transactions as of
Feb 9, 2024
Transactions value $
-$5,129,883
Form type
4
Date filed
2/13/2024, 05:53 PM
Previous filing
Jan 29, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction R common stock Award $0 +85.1K +136.47% $0.00 148K Feb 9, 2024 Direct F1
transaction R common stock Tax liability -$3.93M -33.5K -22.73% $117.12 114K Feb 9, 2024 Direct F2
transaction R common stock Award $0 +22.2K +19.48% $0.00 136K Feb 9, 2024 Direct F3
transaction R common stock Tax liability -$365K -3.12K -2.29% $117.12 133K Feb 10, 2024 Direct F4
transaction R common stock Tax liability -$415K -3.54K -2.66% $117.12 130K Feb 11, 2024 Direct F5
transaction R common stock Tax liability -$423K -3.55K -2.74% $118.94 126K Feb 12, 2024 Direct F6
holding R common stock 313K Feb 9, 2024 The Robert E. Sanchez Revocable Trust
holding R common stock 27.4K Feb 9, 2024 By Ryder Employee Savings Plan
holding R common stock 3.56K Feb 9, 2024 by Ryder Deferred Compensation Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 With respect to performance-based restricted stock rights (PBRSRs), 85,132 shares were earned out of the 42,566 shares that were granted on February 12, 2021. The PBRSRs vested upon Board approval.
F2 Represent shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs granted to the reporting person on February 12, 2021.
F3 Represents time-based restricted stock rights (TVRSRs) granted to the reporting person by the Company, which vest ratably over a term of three years.
F4 Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs granted to the reporting person on February 10, 2023.
F5 Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs 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 TVRSRs granted to the reporting person on February 12, 2021.