ROBERT E. SANCHEZ - 09 Feb 2024 Form 4 Insider Report for RYDER SYSTEM INC (R)

Signature
/s/ Robert D. Fatovic, by power of attorney
Issuer symbol
R
Transactions as of
09 Feb 2024
Net transactions value
-$5,129,883
Form type
4
Filing time
13 Feb 2024, 17:53:36 UTC
Previous filing
29 Jan 2024
Next filing
03 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction R common stock Award $0 +85,132 +136% $0.000000 147,515 09 Feb 2024 Direct F1
transaction R common stock Tax liability $3,927,619 -33,535 -23% $117.12 113,980 09 Feb 2024 Direct F2
transaction R common stock Award $0 +22,199 +19% $0.000000 136,179 09 Feb 2024 Direct F3
transaction R common stock Tax liability $364,946 -3,116 -2.3% $117.12 133,063 10 Feb 2024 Direct F4
transaction R common stock Tax liability $414,605 -3,540 -2.7% $117.12 129,523 11 Feb 2024 Direct F5
transaction R common stock Tax liability $422,713 -3,554 -2.7% $118.94 125,969 12 Feb 2024 Direct F6
holding R common stock 312,941 09 Feb 2024 The Robert E. Sanchez Revocable Trust
holding R common stock 27,426 09 Feb 2024 By Ryder Employee Savings Plan
holding R common stock 3,560 09 Feb 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.