Fatovic Robert D 4

What Happened
Robert D. Fatovic, EVP, Chief Legal Officer & Corporate Secretary of Ryder System, exercised 11,640 stock options (code M) on Feb 20, 2026 by paying $76.49 per share ($890,344) and immediately sold all 11,640 shares in an open-market transaction (code S) at a weighted avg price of $222.30 for gross proceeds of $2,587,572. The filing also shows a derivative disposition at $0 reflecting conversion of the option into shares upon exercise.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (filed within the typical 2 business-day window).
• Options exercised: 11,640 shares at $76.49 per share (total exercise cost $890,344).
• Shares sold: 11,640 shares at weighted avg $222.30 (total proceeds $2,587,572); sale price range $222.00–$222.88 (see footnote F1).
• Net cash before taxes/fees (proceeds minus exercise cost): ~$1,697,228.
• Footnote F2: the options vested in three equal installments on Feb 10, 2018, Feb 10, 2019, and Feb 10, 2020.
• Shares owned after the transactions: not specified in the provided excerpt.

Context
This was an option exercise followed by an immediate sale (a cashless or simultaneous sale), which converts previously granted options into cash rather than a long-term stock purchase. Such transactions are common when vested option holders realize gains; they are factual disclosures of execution and sale rather than statements about future company performance.