HAGEMANN ROBERT 4

What Happened

• Robert Hagemann, a director of Ryder System, Inc., was granted two awards on May 1, 2026: 720 restricted stock units (RSUs) as the annual director equity grant and 677 RSUs under the plan's dividend reinvestment feature. The Form 4 reports an acquisition price of $0.00 per share (code A — award/grant).
• The 720-share annual grant is described as an $180,000 award based on the last reported sale price of $249.99 on May 1, 2026. Using the same $249.99 price, the 677 dividend-reinvested RSUs would be worth about $169,242, putting the combined approximate value at $349,235.

Key Details

• Transaction date(s): May 1, 2026. Filing date (Form 4): May 5, 2026 (filed late relative to the typical 2-business-day rule).
• Transaction type/code: Award/Grant (A); reported acquisition price $0.00 per share (typical for RSUs).
• Shares received: 720 RSUs (annual grant — F1) and 677 RSUs (dividend reinvestment — F2); total 1,397 RSUs.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 = annual grant of $180,000 of RSUs based on $249.99/share (May 1, 2026 close). F2 = RSUs granted via the plan's dividend reinvestment feature.
• Timeliness: Filing was submitted May 5 for May 1 transactions (marked late), which can be notable for compliance tracking but does not change the nature of the awards.

Context

• These were compensation awards (RSUs), not open-market purchases or sales. RSUs are typically subject to vesting and restrictions, so they do not necessarily reflect an immediate buy or sell decision by the insider.
• Awards and dividend reinvestment grants are common forms of director compensation; purchases (cash buys) are generally considered more informative about insider sentiment than routine grants.