[Form 3] Ryder System, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Regan Thomas Michael filed an initial Form 3 disclosing direct ownership of 7,765 shares of Ryder System, Inc. (ticker R) common stock related to his role as an officer (EVP of DTS) and director. The filing reports multiple time-vested restricted stock rights included in the total: 593 shares vesting 02/10/2026; 5,000 shares vesting 11/01/2026; 1,024 shares vesting ratably on 02/09/2026 and 02/09/2027; and 1,139 shares vesting ratably on 02/07/2026, 02/07/2027 and 02/07/2028.

The event date triggering the statement is 09/01/2025. The Form 3 was signed via power of attorney by Robert D. Fatovic on 09/10/2025. No derivative securities or other transactions are reported on this form.

Insights

Corporate Governance Expert

TL;DR: Executive disclosed modest direct holdings and a detailed vesting schedule for restricted stock rights; routine compliance filing.

The Form 3 is an initial Section 16 filing documenting beneficial ownership by an officer and director. The disclosure lists 7,765 common shares including specified time-vested restricted stock rights with explicit vesting dates through 2028. Filing via power of attorney is properly noted. The position and vesting detail are useful for tracking insider alignment with long-term incentives but the absolute holding size is small relative to typical market-capitalizations and no derivatives or transactions are reported.

Securities Analyst

TL;DR: This Form 3 provides clear, routine disclosure of initial holdings; no material transactions or derivative positions disclosed.

The report specifies direct ownership and breaks out multiple tranches of time-vested restricted stock rights with exact vesting dates and quantities. The absence of reported options, warrants, or other derivative securities suggests no immediate exercisable compensation instruments beyond the disclosed TVRSRs. For investors, the filing simply establishes the officer's baseline ownership and forthcoming vesting events; it contains no earnings or operational data.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Regan Thomas Michael

(Last) (First) (Middle)

2333 PONCE DE LEON BLVD.

SUITE 700

(Street)

CORAL GABLES FL 33134

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2025

3. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [ R ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP of DTS

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
common stock	7,765(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 593 time-vested restricted stock rights (TVRSRs) that will vest on February 10, 2026; 5,000 TVRSRs that will vest on November 1, 2026; 1,024 TVRSRs that will vest ratably on each of February 9, 2026 and February 9, 2027; and 1,139 TVRSRs that will vest ratably on each of February 7, 2026, February 7, 2027 and February 7, 2028.

Remarks:

See Exhibit 24 - Power of Attorney.

	/s/ Robert D. Fatovic by power of attorney	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for Ryder System, Inc. (R)?

The Form 3 was filed on behalf of Regan Thomas Michael, who is listed as an officer (EVP of DTS) and director.

How many Ryder (R) shares does the reporting person beneficially own?

The filing discloses direct beneficial ownership of 7,765 shares of Ryder common stock.

What restricted stock vesting details are included in the Form 3?

The filing states 593 TVRSRs vesting 02/10/2026; 5,000 vesting 11/01/2026; 1,024 vesting ratably 02/09/2026 and 02/09/2027; and 1,139 vesting ratably 02/07/2026, 02/07/2027, and 02/07/2028.

What is the effective date that triggered the Form 3 filing?

The event requiring the statement is dated 09/01/2025.

Was the Form 3 signed directly by the reporting person?

The signature on the form is by Robert D. Fatovic acting by power of attorney, dated 09/10/2025.