Regan Thomas Michael 4

What Happened

• Regan Thomas Michael, Executive Vice President of DTS at Ryder System, received a grant of 1,471 time‑based restricted stock rights (TVRSRs) on 2026-02-06 (award/acquisition, code A) at $0.00 per share.
• On 2026-02-07 the company withheld 170 shares (code F) to cover tax withholding related to vesting; those 170 shares were valued at $217.50 each, totaling $36,975. This withholding is not an open‑market sale by the insider but a company share withholding to pay taxes.

Key Details

• Transaction dates and prices:
  • 2026-02-06: Award of 1,471 TVRSRs @ $0.00 (acquired).
  • 2026-02-07: 170 shares withheld @ $217.50 per share (disposed) for taxes = $36,975.
• Shares owned after the transaction: Not specified in this Form 4.
• Footnotes: F1 — the award represents time‑based restricted stock rights that vest ratably over three years. F2 — the 170 shares withheld were to cover taxes due upon vesting of TVRSRs granted on Feb 7, 2025.
• Filing timeliness: Form 4 filed 2026-02-10 for transactions on 2026-02-06 and 02-07; no late‑filing flag indicated in the report.

Context

• This was a standard equity award vesting event with shares withheld to satisfy tax obligations, not an open‑market sale. Such withholding is routine and generally does not imply a change in the insider’s market view.