HAVENS THOMAS M. 4

What Happened

• Thomas M. Havens, President, Global FMS of Ryder System, sold a total of 12,571 shares in open-market transactions on February 18, 2026. The sales comprised 6,686 shares at a weighted average price of $221.19 (proceeds $1,478,876) and 5,885 shares at a weighted average price of $222.17 (proceeds $1,307,470), for combined proceeds of approximately $2,786,346. These were outright sales (not purchases or option exercises).

Key Details

• Transaction dates: February 18, 2026 (both sales).
• Prices reported: weighted averages $221.19 and $222.17. Footnote F1 notes the first sale price range was $221.00–$221.85; F2 notes the second sale price range was $222.02–$222.48. The reporting person can provide a per-share breakdown on request.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: open-market sales (code S).
• Filing timing: Form 4 was filed Feb 20, 2026 (two days after the trades), which appears to be timely.

Context

• These were routine open-market sales by an executive. Sales do not necessarily indicate negative views of the company and can reflect diversification, tax planning, or other personal reasons. Purchases tend to be more meaningful for signaling; this filing documents only sales.