HAVENS THOMAS M. 4

What Happened
Thomas M. Havens, President, Global FMS at Ryder System, had a total of 1,875 shares withheld by the company to satisfy tax withholding on vested TVRSRs. On 2026-02-09, 940 shares were withheld at $215.73 (value $202,786). On 2026-02-10, 935 shares were withheld at $212.19 (value $198,398). These withholdings are coded F (tax withholding) — the company withheld shares rather than an open-market sale.

Key Details

• Transaction dates and amounts:
  • 2026-02-09: 940 shares @ $215.73 → $202,786 (F)
  • 2026-02-10: 935 shares @ $212.19 → $198,398 (F)
• Total shares withheld: 1,875; total value ≈ $401,184.
• Footnotes:
  • F1: Withholding for taxes due on TVRSRs granted 02/09/2024.
  • F2: Withholding for taxes due on TVRSRs granted 02/10/2023.
• Filing info: Form 4 filed 2026-02-11 for period of report 2026-02-09 (filed timely).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context
These transactions are routine "sell-to-cover" tax withholdings tied to the vesting of equity awards (TVRSRs), not open-market sales or new purchases. Such withholdings are common when equity awards vest and do not by themselves indicate the insider's view of the company.