NORD DAVID G 4

What Happened

• David G. Nord, a director of Ryder System, Inc. (R), received two grants of restricted stock units (RSUs) on May 1, 2026: 720 RSUs from his annual equity award and 796 RSUs under the plan's dividend reinvestment feature, for a total of 1,516 RSUs. Each grant shows an acquisition price of $0.00 (typical for RSU awards). The annual grant of 720 RSUs is described in the filing as $180,000 worth of RSUs based on the $249.99 closing share price on May 1, 2026.

Key Details

• Transaction date: May 1, 2026
• Grants: 720 RSUs (annual award) and 796 RSUs (dividend reinvestment), total 1,516 RSUs
• Reported acquisition price: $0.00 per RSU (awarded, not purchased)
• Valuation note: 720 RSUs = ~$180,000 based on $249.99/share (per footnote)
• Shares owned after transaction: Not disclosed in this filing
• Footnotes: F1 = annual grant of $180,000 of RSUs based on $249.99/share; F2 = RSUs from the plan’s dividend reinvestment feature
• Filing timing: Report filed May 5, 2026 for a May 1 transaction (filed 4 days later); depending on business-day counting this may be outside the typical 2-business-day Form 4 reporting window

Context

• These entries are awards (compensation) and dividend reinvestment, not open-market purchases or sales. RSUs are typically subject to vesting conditions under the company’s equity plan; they represent future shares once vested and do not require cash outlay at grant. Such compensation grants are routine and do not by themselves indicate a purchase-driven bullish signal by the insider.