Lopez Francisco Jr. 4

What Happened

• Francisco Lopez Jr., Executive Vice President & Chief Human Resources Officer at Ryder System, had a total of 939 shares of common stock withheld by the company to cover tax liabilities tied to vested TVRSRs. On Feb 9, 2026, 449 shares were withheld at $215.73 each ($96,863). On Feb 10, 2026, 490 shares were withheld at $212.19 each ($103,973). The total value of shares withheld was about $200,836. These withholdings are reported as dispositions (transaction code F) for tax payment—not open-market sales.

Key Details

• Transaction dates & prices: 2/9/2026 — 449 shares @ $215.73 (≈ $96,863); 2/10/2026 — 490 shares @ $212.19 (≈ $103,973).
• Total shares withheld: 939; total value ≈ $200,836.
• Footnotes: F1 = shares withheld for taxes on TVRSRs granted 2/9/2024; F2 = shares withheld for taxes on TVRSRs granted 2/10/2023.
• Shares owned after the transactions: not provided in the supplied excerpt.
• Filing: Form 4 filed 2026-02-11 for transactions on 2/9 and 2/10/2026 — appears timely (not marked late).

Context

• These transactions are tax withholdings following the vesting of time-vested restricted stock units (TVRSRs). The company withheld shares to satisfy the officer’s tax liability (a cashless withholding), which is routine and reported as a disposition (code F). Such withholdings are common administrative actions and do not necessarily indicate the insider’s buying or selling sentiment.