SANCHEZ ROBERT E 4

What Happened Robert E. Sanchez, Ryder System Inc.'s Chair and CEO, had a total of 5,890 shares disposed via company withholding to cover taxes upon vesting of time‑vested awards (TVRSRs). On Feb 9, 2026, 2,776 shares were withheld at $215.73 each ($598,866); on Feb 10, 2026, 3,114 shares were withheld at $212.19 each ($660,760). The combined disposition value was about $1.26 million. These were tax‑withholding dispositions (code F), not open‑market sales.

Key Details

• Transaction dates and prices:
  • 2026-02-09: 2,776 shares withheld at $215.73 = $598,866
  • 2026-02-10: 3,114 shares withheld at $212.19 = $660,760
  • Total: 5,890 shares; ~$1,259,626; weighted avg price ≈ $213.83
• Transaction type: Code F — shares withheld by the company to satisfy tax withholding on vested awards (dispositions).
• Footnotes: F1 = withholding for TVRSRs granted Feb 9, 2024; F2 = withholding for TVRSRs granted Feb 10, 2023.
• Filing: Report filed 2026-02-11 for period of report 2026-02-09; filing appears timely (within Form 4 reporting window).
• Shares owned after transaction: Not specified in the provided report.

Context These actions represent routine "sell-to-cover" tax withholding when restricted awards vest; they do not indicate an open‑market sale or necessarily signal the insider's view on the stock. For retail investors, purchase transactions are generally more informative about insider confidence; tax‑withholding disposals are common and administrative.