Lopez Francisco Jr. 4

What Happened

• Francisco Lopez, EVP & Chief HR Officer of Ryder System, received a total of 11,503 restricted stock rights (9,389 + 2,114) on Feb 6–7, 2026 (awarded at $0). To satisfy tax withholding obligations, 4,095 shares (3,729 + 366) were surrendered/withheld at $217.50 per share, producing proceeds of $811,058 and $79,605 respectively (total ≈ $890,663). The filings list these actions as awards/acquisitions (A) and tax-withholding disposals (F).

Key Details

• Transaction dates & prices: Feb 6, 2026 and Feb 7, 2026; withholding disposals reported at $217.50 per share. Awards recorded at $0 (compensation grants).
• Shares acquired (awarded): 9,389 and 2,114 = 11,503 total.
• Shares disposed/withheld for taxes: 3,729 and 366 = 4,095 total; total proceeds ≈ $890,663.
• Shares owned after the reported transactions: not disclosed in the provided filing details.
• Footnotes: (F1) 9,389 PBRSRs were earned (vested upon Board approval) relating to a Feb 10, 2023 grant; (F2) withholding for taxes on those PBRSRs; (F3) 2,114 are time‑based RSUs vesting ratably over three years (granted Feb 7, 2025); (F4) withholding for taxes on the time‑based RSUs.
• Filing: Form 4 filed Feb 10, 2026 reporting transactions dated Feb 6–7, 2026.

Context

• These transactions reflect equity awards vesting and company withholding shares to cover taxes (a common, administrative "cashless" withholding), not an open‑market sale that would necessarily signal insider sentiment. PBRSRs are performance-based rights that vested upon Board approval; TVRSRs are time-based awards that vest over time. No indication here that Lopez is a 10% owner or that this was a planned open‑market sale.