Ryder System (NYSE: R) director granted 148 RSUs as board retainer

Rhea-AI Filing Summary

Ryder System Inc. reported that one of its directors received a small equity grant in the form of restricted stock units. On 01/02/2026, the director was granted 148 shares of Ryder common stock at a price of $0 per share, reflecting stock units granted in lieu of a cash retainer under the company’s Amended and Restated 2019 Equity and Incentive Compensation Plan. After this grant, the director beneficially owned 8,072 shares of Ryder common stock held directly. This is a routine compensation-related transaction rather than an open-market trade.

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

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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^*

SWOBODA CHARLES 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A(1)		148	A	$0	8,072	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. Grant of restricted stock units (RSU) in lieu of cash retainer as elected by the reporting person under the terms of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation Plan. Each RSU represents the right to receive one share of common stock.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	01/05/2026
	** 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 insider transaction was reported for Ryder System Inc (R)?

A director of Ryder System Inc. reported receiving a grant of 148 shares of common stock on 01/02/2026 as equity compensation.

Was the Ryder (R) director’s Form 4 transaction an open-market stock purchase or sale?

The Form 4 shows a grant of restricted stock units at a price of $0 per share, indicating a compensation award rather than an open-market purchase or sale.

How many Ryder (R) shares does the reporting director own after this transaction?

Following the reported grant, the director beneficially owned 8,072 shares of Ryder System Inc. common stock in direct ownership.

What is the nature of the equity award reported for Ryder System Inc (R)?

The award is described as a grant of restricted stock units (RSUs) in lieu of a cash retainer, under Ryder’s Amended and Restated 2019 Equity and Incentive Compensation Plan. Each RSU represents the right to receive one share of common stock.

What is the director’s relationship to Ryder System Inc (R) as shown on the Form 4?

The filing identifies the reporting person’s relationship to Ryder System Inc. as a Director, with the relevant box checked on the form.

Is the Ryder (R) Form 4 filed for a single insider or multiple insiders?

The Form 4 indicates that it is a Form filed by one reporting person, not a joint filing by multiple insiders.