Ryder System (NYSE: R) CEO exercises options and sells over 40k shares
Rhea-AI Filing Summary
Ryder System Chair and CEO Robert E. Sanchez reported multiple equity transactions on common stock. He exercised stock options for 104,390 shares of common stock at an exercise price of $76.49 per share. To cover the exercise price or related tax obligations, 62,611 shares were disposed of at $224.90 per share in a tax-withholding transaction. He also completed open-market sales totaling 41,779 shares at weighted average prices of $223.28, $223.86, and $225.12 per share, with detailed price ranges described in the filing footnotes. Following these direct transactions, he continued to hold additional shares both directly and through various plans and a revocable trust.
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Insights
CEO exercised options and sold shares, mixing acquisition with tax and market sales.
The Chair and CEO of Ryder System, Robert E. Sanchez, exercised stock options for 104,390 shares of common stock at an exercise price of $76.49 per share. This converted a derivative award into directly held shares, a typical step as options approach or pass their vesting and life cycle.
To fund the exercise price or satisfy tax obligations, 62,611 shares were used in a tax-withholding disposition at $224.90 per share under transaction code F. He also executed open-market sales of 41,779 shares at weighted average prices of $223.28, $223.86, and $225.12 per share, with specific price ranges detailed in the notes.
After these transactions, Sanchez still held common stock directly and through a revocable trust and company savings and deferred compensation plans. The filing shows a net reduction in directly held shares from the sales, but the overall impact on his total economic exposure depends on the size of his indirect holdings and future equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 104,390 | $0.00 | -- |
| Exercise | common stock | 104,390 | $76.49 | $7.98M |
| Tax Withholding | common stock | 62,611 | $224.90 | $14.08M |
| Sale | common stock | 40,841 | $223.28 | $9.12M |
| Sale | common stock | 676 | $223.86 | $151K |
| Sale | common stock | 262 | $225.12 | $59K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Footnotes (1)
- This reflects the weighted average price at which the shares were sold. The sale price ranged from $222.78 to $223.76. 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. This reflects the weighted average price at which the shares were sold. The sale price ranged from $223.81 to $224.07. 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. This reflects the weighted average price at which the shares were sold. The sale price ranged from $225.10 to $225.13. 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. The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.
