HAVENS THOMAS M. 4
4 · RYDER SYSTEM INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Ryder (R) President Thomas Havens Receives Awards, Sells Shares
What Happened
Thomas M. Havens, President, Global FMS at Ryder System (R), was granted restricted stock rights and had shares withheld to satisfy tax obligations. On Feb 6, 2026 he was credited with 18,780 performance-based shares and 4,413 time-based shares (total 23,193 acquired, code A). To cover taxes on vesting, 7,422 shares were withheld/disposed on Feb 6 for $217.50/share ($1,614,285) and another 729 shares were withheld/disposed on Feb 7 for $217.50/share ($158,558) — total tax withholding value ≈ $1,772,843 (code F).
Key Details
- Transaction dates/prices: Feb 6, 2026 (grants; withhold 7,422 @ $217.50); Feb 7, 2026 (withhold 729 @ $217.50).
- Total received (award/acquisition): 23,193 shares (18,780 PBRSRs + 4,413 TVRSRs).
- Total shares withheld/disposed for taxes: 8,151 shares, proceeds/value ≈ $1,772,843.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: PBRSRs — 18,870 shares were earned (noting the filing’s footnote text) and vested upon Board approval.
- F2: Withheld shares represent company withholding to pay taxes on PBRSRs granted Feb 10, 2023.
- F3: TVRSRs vest ratably over three years.
- F4: Withheld shares for taxes on TVRSRs granted Feb 7, 2025.
- Filing timeliness: Report filed Feb 10, 2026 for transactions on Feb 6–7, 2026; filing appears to be within the standard Form 4 reporting window.
Context
These entries reflect the vesting of restricted stock rights (performance- and time-based) and the company withholding shares to cover tax liabilities — a routine tax-withholding disposition (code F), not an open-market sale. Such grant-and-withhold events are common when awards vest and do not necessarily indicate buy/sell sentiment by the insider.
Insider Transaction Report
- Award
common stock
[F1]2026-02-06+18,780→ 51,258 total - Tax Payment
common stock
[F2]2026-02-06$217.50/sh−7,422$1,614,285→ 43,836 total - Award
common stock
[F3]2026-02-06+4,413→ 48,249 total - Tax Payment
common stock
[F4]2026-02-07$217.50/sh−729$158,558→ 47,520 total
Footnotes (4)
- [F1]With respect to performance-based restricted stock rights (PBRSRs), 18,870 shares were earned out of the 11,199 shares that were granted on February 10, 2023. The PBRSRs vested upon Board approval.
- [F2]Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs granted to the reporting person on February 10, 2023.
- [F3]Represents time-based restricted stock rights (TVRSRs) granted to the reporting person by the Company, which vest ratably over a term of three years.
- [F4]Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs granted to the reporting person on February 7, 2025.