HODES SANFORD J. 4

What Happened
Sanford J. Hodes, an SVP in corporate development at Ryder System Inc., had a total of 332 shares withheld by the company to satisfy tax obligations when restricted awards vested. The withholding resulted in two dispositions: 150 shares at $215.73 on Feb 9, 2026 (≈ $32,360) and 182 shares at $212.19 on Feb 10, 2026 (≈ $38,619), for a combined value of roughly $70,979. These were tax-withholding dispositions (routine) rather than open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-02-09: 150 shares withheld at $215.73 — $32,360 (Disposition, code F)
  • 2026-02-10: 182 shares withheld at $212.19 — $38,619 (Disposition, code F)
• Total shares affected: 332; total value ≈ $70,979.
• Footnotes: Shares were withheld to pay taxes on vesting of TVRSRs granted 2/9/2024 (F1) and 2/10/2023 (F2).
• Shares owned after the transactions: not disclosed in the provided filing.
• Filing: Report filed 2026-02-11 (appears within the standard 2-business-day Form 4 window).

Context
This was a tax-withholding action tied to vesting of time-based awards (TVRSRs), not a voluntary open-market sale or a directional trade by the insider. Such withholdings are common and generally considered routine administrative actions rather than a signal of insider sentiment.