Ryder (R) Global FMS president sells 12,571 shares in open market

Rhea-AI Filing Summary

Ryder System executive Thomas M. Havens reported selling company stock in two open-market transactions. On February 18, 2026, he sold 6,686 shares of common stock at a weighted average price of $221.19, and an additional 5,885 shares at a weighted average price of $222.17. After these sales, he directly held 33,074 common shares. The prices in each trade were reported as weighted averages, with actual sale prices ranging from $221.00 to $221.85 in the first transaction and from $222.02 to $222.48 in the second.

Insights

Equity ownership and governance analyst

Ryder business unit president executed routine open-market stock sales.

President, Global FMS, Thomas M. Havens reported selling a total of 12,571 common shares of Ryder System in two open-market transactions on February 18, 2026. Reported prices were weighted averages around $221.19 and $222.17 per share.

The transactions reduced his direct holdings to 33,074 shares. The filing characterizes both trades as standard open-market sales, with footnotes clarifying that prices are averages across ranges from $221.00 to $221.85 and from $222.02 to $222.48.

This type of insider activity is common for senior executives and, on its own, does not explain motive or outlook. Future company filings and disclosures will provide additional context on overall insider ownership trends and any subsequent changes in Havens’ stake.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HAVENS THOMAS M.

(Last) (First) (Middle)

2333 PONCE DE LEON BLVD.

SUITE 700

(Street)

CORAL GABLES FL 33134

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Global FMS

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	02/18/2026		S		6,686	D	$221.19(1)	38,959	D
common stock	02/18/2026		S		5,885	D	$222.17(2)	33,074	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reflects the weighted average price at which the shares were sold. The sale price ranged from $221.00 to $221.85. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

2. This reflects the weighted average price at which the shares were sold. The sale price ranged from $222.02 to $222.48. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	02/20/2026
	** 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 4 (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

What did Ryder System (R) executive Thomas M. Havens report in this Form 4?

He reported selling company stock in two open-market transactions. Havens sold a combined 12,571 shares of Ryder System common stock on February 18, 2026, and after these trades he directly held 33,074 shares.

How many Ryder System (R) shares did Thomas M. Havens sell and at what prices?

He sold 6,686 shares at a weighted average price of $221.19 and 5,885 shares at a weighted average price of $222.17. Footnotes note price ranges from $221.00–$221.85 and $222.02–$222.48, respectively.

What is Thomas M. Havens’ role at Ryder System (R) mentioned in the Form 4?

Thomas M. Havens is identified as an officer of Ryder System, serving as President, Global FMS. The Form 4 reflects his personal transactions in Ryder common stock and his remaining directly owned share balance after the reported sales.

How many Ryder System (R) shares does Thomas M. Havens own after the reported sales?

After the reported open-market sales, Thomas M. Havens directly owns 33,074 shares of Ryder System common stock. The filing shows this figure following completion of the second transaction on February 18, 2026, reflecting his updated direct ownership position.

What do the weighted average prices mean in the Ryder System (R) Form 4?

The weighted average prices represent average sale prices across multiple executions within each trade. For the first sale, prices ranged from $221.00 to $221.85; for the second, from $222.02 to $222.48. Havens offers to provide exact breakdowns upon request.

Were the Ryder System (R) transactions by Thomas M. Havens open-market sales?

Yes. Both transactions are coded as “S” and described as sales in open market or private transactions. The filing’s transaction fields specifically label each as an open-market sale of Ryder System common stock on February 18, 2026.