Ravindran Rajeev 4

What Happened Ravindran Rajeev, EVP & CIO of Ryder System, had a total of 521 shares of Ryder common stock withheld by the company to satisfy tax obligations when time‑vested restricted stock units (TVRSRs) vested. The company withheld 235 shares on 2026-02-09 at $215.73 (proceeds $50,697) and 286 shares on 2026-02-10 at $212.19 (proceeds $60,686). These are dispositions recorded as tax withholdings rather than open‑market sales.

Key Details

• Transaction dates & prices:
  • 2026-02-09: 235 shares withheld at $215.73 — $50,697
  • 2026-02-10: 286 shares withheld at $212.19 — $60,686
• Total shares withheld: 521; total proceeds ≈ $111,383.
• Shares owned after transaction: Not stated in the filing.
• Footnotes:
  • F1: 235 shares withheld for taxes on TVRSRs granted 2024-02-09.
  • F2: 286 shares withheld for taxes on TVRSRs granted 2023-02-10.
  • F3: Filing notes inclusion of 100 shares acquired via dividend reinvestment since the last Section 16 filing.
• Filing: Form 4 filed 2026-02-11 reporting 2026-02-09 and 2026-02-10 transactions (appears to be filed timely).
• Transaction code: F — indicates shares were withheld to cover tax withholding obligations.

Context These transactions reflect routine tax withholding when restricted stock units vest (a common administrative step), not discretionary open‑market selling by the insider. For retail investors, purchases or open‑market sales by insiders may be more indicative of sentiment; tax‑withholdings generally do not signal a change in the insider’s view.