Nieto Luis P Jr 4

What Happened Luis P. Nieto Jr, a director of Ryder System, Inc., reported an open‑market sale of 720 shares on 2026-05-04 at $235.79 per share, generating proceeds of about $169,769. Prior to that sale he received two restricted stock unit (RSU) awards on 2026-05-01: 720 RSUs (annual grant) and 749 RSUs (dividend reinvestment), recorded as acquisitions at $0.00 in the Form 4.

Key Details

• Transaction dates and prices:
  • 2026-05-01: Award/Acquisition of 720 RSUs (reported at $0.00) — annual grant valued at $180,000 based on $249.99/share (footnote F1).
  • 2026-05-01: Award/Acquisition of 749 RSUs (reported at $0.00) — dividend reinvestment feature (footnote F2).
  • 2026-05-04: Open‑market sale of 720 shares at $235.79 per share; total proceeds ≈ $169,769 (footnote F3 notes multiple sales at same price).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 describes the annual RSU grant valuation; F2 notes the dividend reinvestment RSUs; F3 explains the sale price reflects multiple sales at $235.79.
• Filing timeliness: Form 4 filed 2026-05-05; appears to cover the May 1 awards and the May 4 sale and was reported promptly.

Context

• The awards are RSUs (not option exercises); the annual RSU grant was valued by the company at $249.99/share for a $180,000 award. The 749‑share award arose from the plan’s dividend reinvestment feature.
• The May 4 transaction was an open‑market sale. Sales by insiders can be routine (diversification, liquidity, tax needs) and do not by themselves indicate management’s view of company prospects.