SMITH E FOLLIN 4

What Happened
Smith E. Follin, a director of Ryder System, Inc. (R), disposed of a total of 32,230 shares in open-market sales on February 13, 2026, for aggregate proceeds of approximately $6,691,230. The transaction breakdown reported:

• 1,266 shares at $205.84 — $260,593
• 5,000 shares at $206.99 — $1,034,950
• 21,772 shares at $207.78 — $4,523,786
• 1,452 shares at $208.38 — $302,568
• 740 shares at $209.91 — $155,333
• 2,000 shares at $207.00 — $414,000
  These were sales (code S) — disposals, not purchases.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (5 calendar days later). Because of the weekend/holiday, the filing appears to be one business day late relative to the two-business-day Form 4 rule.
• Price range: per footnotes, sales ranged roughly from $205.15 to $210.01; several weighted-average prices and specific intrarange details are noted in the filing. Footnote F6 indicates multiple sales at $207.00. The filer offers to provide full per-price sale counts on request.
• Shares owned after transaction: not specified in the information provided in this summary.
• Transaction type: open-market sales (S). No 10b5-1 plan, gift, or option exercise was indicated in the provided notes.

Context
Open-market sales by directors are often routine (for diversification, tax planning, liquidity, etc.) and do not by themselves prove a change in view about the company. This filing merely reports the disposals and related price details; it does not state the insider’s motivation.