Ravindran Rajeev 4

What Happened

• Ravindran Rajeev, EVP & CIO of Ryder System, reported vesting of restricted stock rights and related tax-withholding. On Feb 6–7, 2026 he was credited with 5,738 performance-based shares and 1,103 time-based shares (total 6,841 shares, $0 acquisition price reported). To satisfy tax withholding, the company withheld 1,970 shares on Feb 6 and 190 shares on Feb 7, disposed at $217.50 per share for total withholding proceeds of $428,475 and $41,325 respectively (combined value $469,800).

Key Details

• Transaction dates and prices:
  • 2026-02-06: Awarded 5,738 PBRSRs (acquired @ $0.00) and 1,970 shares withheld for taxes (disposed) @ $217.50 = $428,475. (Footnotes F1, F2)
  • 2026-02-06: Awarded 1,103 TVRSRs (acquired @ $0.00). (Footnote F3)
  • 2026-02-07: 190 shares withheld for taxes (disposed) @ $217.50 = $41,325. (Footnote F4)
• Totals: 6,841 shares vested; 2,160 shares withheld for taxes; withholding value = $469,800.
• Shares owned after transaction: not specified in the reported Form 4.
• Notable footnotes:
  • F1: 5,738 PBRSRs were earned (vested) and vested upon Board approval.
  • F2 & F4: Shares were withheld by the company to pay taxes due on vesting.
  • F3: The 1,103 are time-based RS rights that vest ratably over three years.
• Filing date: Form filed 2026-02-10 reporting transactions from 2026-02-06–02-07. (Compare to SEC Form 4 timing rules if timeliness is a concern.)

Context

• These transactions reflect vesting of restricted stock rights (performance- and time-based), not open-market purchases or discretionary sales. The withheld shares are routine tax-withholding (transaction code F), not an active market sale by the insider.
• For retail investors: awards and routine tax withholding are common executive-compensation events and do not by themselves indicate buying or selling sentiment.