SANCHEZ ROBERT E 4
4 · RYDER SYSTEM INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Ryder (R) CEO Robert Sanchez Receives Awards, Sells Shares for Taxes
What Happened
Robert E. Sanchez, Ryder System Inc. Chair and CEO, received performance- and time-based restricted stock awards that vested, totaling 84,222 shares (62,613 + 21,609) granted at $0.00. To cover tax withholding on the vesting, 26,878 shares were surrendered/withheld by the company (24,661 + 2,217) at $217.50 per share, producing proceeds of $5,845,966 (reported as dispositions).
Key Details
- Transaction dates: awards/vestings reported 2026-02-06; additional tax withholding on 2026-02-07. Form filed 2026-02-10 (appears timely).
- Awards: 62,613 PBRSRs (performance-based) and 21,609 time-based RSRs were recorded as acquired at $0.00.
- Withholding/disposition: 24,661 shares and 2,217 shares withheld at $217.50 each, totaling $5,363,768 and $482,198 respectively (combined ~$5.85M).
- Footnotes: F1—62,613 shares were earned under PBRSRs originally granted 2/10/2023 and vested upon Board approval; F2/F4—shares were withheld by the company to pay taxes due on vesting; F3—time-based awards vest ratably over three years.
- Shares owned after the transactions are not shown in the provided data.
Context
These transactions are not open-market buys or discretionary sales: they reflect equity awards vesting and company withholding shares to satisfy tax liabilities (code F). This is a common administrative disposition and does not necessarily indicate a deliberate market-sale decision by the insider.
Insider Transaction Report
- Award
common stock
[F1]2026-02-06+62,613→ 103,437 total - Tax Payment
common stock
[F2]2026-02-06$217.50/sh−24,661$5,363,768→ 78,776 total - Award
common stock
[F3]2026-02-06+21,609→ 100,385 total - Tax Payment
common stock
[F4]2026-02-07$217.50/sh−2,217$482,198→ 98,168 total
- 441,532(indirect: By Trust)
common stock
- 28,450(indirect: By Ryder Employee Savings Plan)
common stock
- 3,696(indirect: By Ryder Deferred Compensation Plan)
common stock
Footnotes (4)
- [F1]With respect to performance-based restricted stock rights (PBRSRs), 62,613 shares were earned out of the 37,332 shares that were granted on February 10, 2023. The PBRSRs vested upon Board approval.
- [F2]Represents 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 10, 2023.
- [F3]Represents time-based restricted stock rights 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 7, 2025.