Sensing John S. 4
4 · RYDER SYSTEM INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Ryder (R) President John S. Sensing Exercises Options, Sells Shares
What Happened
- John S. Sensing, President, Global SCS & DTS at Ryder System, exercised 12,110 stock options (reported as Form 4 code M) on Feb 19, 2026, at a strike price of $76.49, costing about $926,294. He also executed multiple open-market sales the same day totaling 30,110 shares and generating roughly $6,635,010 in proceeds.
- The filing also shows a derivative disposition of 12,110 shares at $0 (reported separately), which the form records but does not explain in detail. Overall, this sequence is a common pattern where an insider exercises options and sells shares the same day (often to cover exercise cost/taxes).
Key Details
- Transaction date: 2026-02-19 (Form filed 2026-02-20 — timely).
- Options exercised: 12,110 shares at $76.49 = ~$926,294 cash paid.
- Open-market sales: 30,110 shares sold across multiple trades; total proceeds ≈ $6,635,010.
- Reported sale price ranges (per footnotes): roughly $219.12 to $222.60; weighted averages shown in the filing by grouping.
- Filing shows an additional derivative disposition of 12,110 shares at $0 (no proceeds) — filing provides no further detail.
- Shares owned after the transactions: not specified in the information provided in this summary (not listed in the supplied excerpt).
- Timeliness: filing appears timely (filed next day); no late filing flag in the provided data.
Context
- For retail investors: exercises followed by same-day sales frequently reflect routine option exercises and cashing out of shares rather than a clear bullish signal. The filing documents the mechanics (exercise + sales) but does not state the insider’s motives.
- Derivative entries on Form 4 can reflect exercise, net settlement, or conversion mechanics; here the form shows both an acquisition by exercise and a zero-priced derivative disposition for the same quantity — the filing itself does not explain the exact settlement method.
Insider Transaction Report
Form 4
Sensing John S.
President, Global SCS & DTS
Transactions
- Exercise/Conversion
common stock
2026-02-19$76.49/sh+12,110$926,294→ 79,191 total - Sale
common stock
[F1]2026-02-19$219.69/sh−5,965$1,310,451→ 73,226 total - Sale
common stock
[F2]2026-02-19$220.65/sh−4,123$909,740→ 69,103 total - Sale
common stock
[F3]2026-02-19$222.04/sh−1,600$355,264→ 67,503 total - Sale
common stock
[F4]2026-02-19$222.43/sh−422$93,865→ 67,081 total - Sale
common stock
[F1]2026-02-19$219.69/sh−9,410$2,067,283→ 57,671 total - Sale
common stock
[F2]2026-02-19$220.65/sh−6,504$1,435,108→ 51,167 total - Sale
common stock
[F3]2026-02-19$222.01/sh−1,721$382,079→ 49,446 total - Sale
common stock
[F5]2026-02-19$222.52/sh−365$81,220→ 49,081 total - Exercise/Conversion
Stock Option (right to buy)
[F6]2026-02-19−12,110→ 0 totalExercise: $76.49Exp: 2027-02-09→ common stock (12,110 underlying)
Footnotes (6)
- [F1]This reflects the weighted average price at which the shares were sold. The sale price ranged from $219.12 to $220.10. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F2]This reflects the weighted average price at which the shares were sold. The sale price ranged from $220.12 to $221.10. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F3]This reflects the weighted average price at which the shares were sold. The sale price ranged from $221.33 to $222.33. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F4]This reflects the weighted average price at which the shares were sold. The sale price ranged from $222.33 to $222.60. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F5]This reflects the weighted average price at which the shares were sold. The sale price ranged from $222.43 to $222.60. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F6]The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.
Signature
/s/ Robert D. Fatovic, by power of attorney|2026-02-20