Mullen Frank 4
4 · RYDER SYSTEM INC · Filed Feb 23, 2018
Insider Transaction Report
Form 4
Mullen Frank
Vice President and Controller
Transactions
- Award
common stock
2018-02-21+187→ 2,687 total - Award
Stock Option (right to buy)
2018-02-21+2,643→ 2,643 totalExercise: $74.72Exp: 2028-02-21→ common stock (2,643 underlying) - Award
Performance-Based Restricted Stock Rights
2018-02-21+1,124→ 1,124 totalExercise: $0.00→ common stock (1,124 underlying)
Footnotes (5)
- [F1]Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years beginning on February 21, 2019.
- [F2]The stock options vest in three equal installments on February 12, 2015, February 12, 2016 and February 12, 2017.
- [F3]The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to a maximum of 200% of the number of PBRSRs granted based on the Company achieving certain threshold, target or maximum performance goals.
- [F4]This amount represents the number of shares that will earned assuming target performance levels.
- [F5]The performance cycle for the PBRSRs is three years. The performance cycle ends on December 31, 2020. The PBRSRs that do not vest will be cancelled.