Lundgren Tamara L. 4

What Happened
Tamara L. Lundgren, a director of Ryder System, Inc., was granted restricted stock units (RSUs) on May 1, 2026. The filing shows two acquisitions: 720 RSUs (the company’s annual director grant valued at $180,000 per the filing) and 304 RSUs granted under the plan’s dividend reinvestment feature. The RSUs are reported with an acquisition price of $0.00 (i.e., awards), and using the company’s last reported sale price of $249.99, the 304 RSUs are worth roughly $76,000 — about $256,000 total value.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely — within two business days).
• Transaction type/code: A = Award/Grant of restricted stock units; acquisition price reported as $0.00.
• Valuation used: $249.99 per share (last reported sale price on May 1, 2026).
• Shares granted: 720 RSUs (annual grant; F1) and 304 RSUs (dividend reinvestment feature; F2).
• Approximate values: 720 RSUs = $180,000 (per footnote); 304 RSUs ≈ $75,997; total ≈ $256,000.
• Additional note: Footnote F3 states the 304-related amount includes 292 shares acquired under the dividend reinvestment plan since the last Section 16 filing.
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context
These entries are compensatory RSU awards, not open-market purchases or sales — common for directors as part of pay/benefit plans. Awards are recorded at $0 acquisition price on Form 4 but have real market value based on the stock price used for valuation; they may vest over time and are not an immediate sale. This filing is informational and does not, by itself, indicate trading intent.