SWOBODA CHARLES M 4

What Happened
Charles M. Swoboda, a director of Ryder System, Inc., was granted 138 restricted stock units (RSUs) on April 1, 2026. The award was reported as an "A" (award/grant) transaction at $0.00 consideration because the RSUs were issued in lieu of a cash director retainer. Each RSU represents the right to receive one share of Ryder common stock when the RSU vests.

Key Details

• Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-03 (timely filed).
• Transaction type/code: Award/Grant (A); 138 RSUs granted at $0.00 (no cash paid).
• Footnote: RSUs were elected in lieu of cash retainer under the Issuer’s Amended and Restated 2019 Equity and Incentive Compensation Plan; each RSU equals one common share.
• Shares owned after the transaction: not specified in this filing.
• No indication of 10b5-1 plan, tax withholding, or immediate sale in this filing.

Context
This is a routine equity compensation grant to a board member rather than an open-market purchase or sale. RSU grants are common for non-employee directors as compensation; they convert to shares only if and when they vest per the company’s plan (vesting terms were not disclosed in this Form 4). Such awards are compensation events and do not necessarily signal insider market timing.