Ravindran Rajeev 4

What Happened

• Ravindran Rajeev, EVP & CIO of Ryder System, exercised a total of 14,367 stock options on Feb 13, 2026 (7,552 at $74.72 and 6,815 at $57.92), paying roughly $959,010 in strike price. He then sold those 14,367 shares in open-market transactions the same day for total proceeds of about $3,041,944 (weighted prices reported: $211.94 for the 7,552-share block and $211.50 for the 6,815-share block).
• The filing also shows derivative dispositions at $0.00 corresponding to the conversion/exercise of the options (i.e., the options were converted into underlying shares).

Key Details

• Transaction date: February 13, 2026; Form 4 filed Feb 18, 2026 (appears within the SEC two-business-day window given the Feb 16 holiday).
• Options exercised: 7,552 at $74.72 (cost ~$564,285) and 6,815 at $57.92 (cost ~$394,725) — total acquired shares 14,367.
• Shares sold: 7,552 sold at a weighted average ~$211.94 (sale range $211.60–$212.32 per footnote F1); 6,815 sold at $211.50 per footnote F2. Total sale proceeds ≈ $3.04M.
• Shares owned after transaction: not specified in the summary information provided.
• Footnotes: F1 and F2 explain weighted/identical sale prices and ranges; F3 and F4 list original option vesting schedules (vesting occurred in 2019–2022), confirming these were vested/options from earlier grants.
• Transaction codes: M = exercise/conversion of a derivative; S = open-market sale. The $0.00 derivative disposals reflect conversion of options to shares.

Context

• This is an exercise-plus-immediate-sale (cashless-style) transaction: Rajeev paid the strike amounts to exercise vested options and then sold the resulting shares the same day. Such transactions are commonly used to realize gains and are routine for executives when options vest.
• The filing is factual and does not indicate the insider’s view of Ryder’s future prospects.