SANCHEZ ROBERT E 4

4 · RYDER SYSTEM INC · Filed Feb 26, 2026

AI-generated summary of this filing

Updated Feb 26, 2026

Ryder (R) CEO Robert E. Sanchez Exercises Options, Sells Shares

What Happened

Robert E. Sanchez, Chair and CEO of Ryder System, exercised 104,390 stock options on February 24, 2026 (code M), acquiring those shares at $76.49 each for a total exercise cost of $7,984,791. The same day the 104,390 shares were transferred/disposed to cover tax withholding and via open-market sales (codes F and S), generating total proceeds of approximately $23,410,502. After paying the exercise cost, the transaction produced net cash proceeds of about $15,425,711.

Key Details

Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (filed within the standard two-business-day window).
Option exercise: 104,390 shares acquired at $76.49 per share (total cost $7,984,791).
Withholding to cover taxes (F): 62,611 shares disposed at a weighted average of $224.90 (value $14,081,214).
Open-market sales (S): 40,841 shares @ $223.28 (weighted average; value $9,118,978); 676 shares @ $223.86 (value $151,329); 262 shares @ $225.12 (value $58,981). Total open-market sale proceeds ≈ $9,329,288.
Total shares disposed the same day: 104,390 (equal to the shares exercised); total proceeds ≈ $23.41M.
Footnotes: F1–F3 note the sale price ranges for the weighted averages (F1: $222.78–$223.76; F2: $223.81–$224.07; F3: $225.10–$225.13). F4 notes the options vested in 2018–2020 (i.e., these were vested options).
Shares owned after the transaction: not specified in the provided filing.

Context

This was a cashless-style outcome common with option exercises: options were exercised and the resulting shares were used partly to satisfy tax withholding and partly sold in the open market. Transaction codes: M = option exercise/conversion, F = shares withheld for tax liability, S = open-market sale.
These transactions are routine for executives exercising vested options and do not, by themselves, indicate a change in company outlook. Purchases are typically more informative about bullish insider sentiment; this filing reflects an exercise followed by sales to cover taxes and realize proceeds.

Form 4

Period: 2026-02-24

DirectorChair and CEO

Transactions

Exercise/Conversion
common stock
2026-02-24$76.49/sh+104,390$7,984,791→ 145,218 total
Tax Payment
common stock
2026-02-24$224.90/sh−62,611$14,081,214→ 82,607 total
Sale
common stock
[F1]
2026-02-24$223.28/sh−40,841$9,118,978→ 41,766 total
Sale
common stock
[F2]
2026-02-24$223.86/sh−676$151,329→ 41,090 total
Sale
common stock
[F3]
2026-02-24$225.12/sh−262$58,981→ 40,828 total
Exercise/Conversion
Stock Option (right to buy)
[F4]
2026-02-24−104,390→ 0 total
Exercise: $76.49Exp: 2027-02-09→ common stock (104,390 underlying)

Holdings

Footnotes (4)

[F1]This reflects the weighted average price at which the shares were sold. The sale price ranged from $222.78 to $223.76. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
[F2]This reflects the weighted average price at which the shares were sold. The sale price ranged from $223.81 to $224.07. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
[F3]This reflects the weighted average price at which the shares were sold. The sale price ranged from $225.10 to $225.13. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
[F4]The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.

Signature

/s/ Robert D. Fatovic, by power of attorney|2026-02-26

1 file