HODES SANFORD J. 4

What Happened

• Sanford J. Hodes, Ryder System Inc. SVP (Corporate Development), exercised a total of 7,610 option-derived shares on Feb 17, 2026 (4,370 at $76.49 and 3,240 at $74.72) for a combined exercise cost of $576,354. The same day he sold 10,447 shares in open-market transactions at $210.16 per share, generating aggregate proceeds of $2,212,354. An additional 2,917 shares sold that day appear to come from existing holdings (not newly exercised). Net proceeds (sales minus exercise cost) were about $1,636,000.
• These entries are recorded as option exercise (code M / acquired) and open-market sales (code S / disposed). Sales are disposals (routine cashing out), while the exercises are acquisitions of shares via option conversion.

Key Details

• Transaction date: Feb 17, 2026; Form 4 filed Feb 18, 2026 (timely filing).
• Exercise details: 4,370 shares @ $76.49 ($334,261) and 3,240 shares @ $74.72 ($242,093).
• Sales details: 4,370 shares @ $210.16 ($918,399), 3,240 shares @ $210.16 ($680,918), 2,917 shares @ $210.16 ($613,037). Footnote F1 notes multiple sales reported at the same $210.16 price.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes: F1 (multiple sales at same price — full breakdown available on request), F2 & F3 (describe vesting schedules for the stock options, indicating these options vested in past years).
• No 10b5‑1 plan or gift/tax‑withholding notation given in the provided data.

Context

• The insider exercised options and sold shares the same day — a common pattern when executives convert options and immediately sell some or all shares (sometimes to cover exercise cost and taxes). The filing shows both the exercise cost and the sale proceeds, so you can see the economics directly.
• Sales by executives are common and don’t by themselves indicate company performance; purchases are generally more informative about insider confidence.