Fatovic Robert D 4

What Happened

• Robert D. Fatovic, EVP, CLO & Corporate Secretary of Ryder System, exercised 10,000 stock options on 2026-02-17 at a strike price of $76.49 (cost $764,900) and then sold 10,000 shares in two open-market transactions the same day. The sales totaled 9,251 shares at a weighted $217.07 ($2,008,115) and 749 shares at a weighted $217.92 ($163,222), for combined gross proceeds of $2,171,337. A separate derivative entry shows disposition of 10,000 shares at $0.00 (bookkeeping related to the option exercise/conversion).

Key Details

• Transaction date: 2026-02-17; Form filed: 2026-02-18 (filed next day).
• Exercise: 10,000 shares at $76.49 = $764,900 (code M).
• Sales: 9,251 shares @ weighted $217.07 = $2,008,115 (code S; sale range $216.64–$217.59 per F1).
• Sales: 749 shares @ weighted $217.92 = $163,222 (code S; sale range $217.70–$218.11 per F2).
• Combined sale proceeds: $2,171,337; approximate net proceeds after exercise cost: ~$1,406,437.
• Shares owned after transaction: not stated in the provided filing.
• Footnotes: F1/F2 describe the sale price ranges and availability of detailed per-price info; F3 notes the related stock options vesting schedule (vested in 2018–2020).
• Filing timeliness: not marked late; filed the day after the transactions.

Context

• This is an example of an option exercise followed by immediate open‑market sales (a cashless or sell-to-cover style transaction). The derivative/disposition at $0.00 is a bookkeeping entry tied to the option conversion; it does not reflect additional cash received. These kinds of routine filings document executives monetizing vested options and do not, by themselves, indicate company-wide insider sentiment.