Ryder (NYSE: R) director nets equity grants with small share sale

Rhea-AI Filing Summary

Ryder System director Luis P. Nieto Jr. reported a mix of equity compensation and a small stock sale. On May 1, 2026, he acquired 720 restricted stock units valued at $180,000 based on $249.99 per share, plus 749 additional units via the dividend reinvestment feature of Ryder’s Amended and Restated 2019 Equity and Incentive Compensation Plan.

On May 4, 2026, he executed an open-market sale of 720 shares of common stock at $235.79 per share, totaling about $169,769. After these transactions, he directly owns 29,974 Ryder common shares, indicating a routine, relatively small sale compared with his remaining holdings.

Insights

Equity compensation and governance analyst

Routine director equity grants combined with a small share sale.

The filing shows Luis P. Nieto Jr., a director of Ryder System, receiving restricted stock units worth $180,000 at $249.99 per share, plus 749 units from dividend reinvestment. These are standard board compensation mechanisms under the company’s 2019 Equity and Incentive Compensation Plan.

He then sold 720 common shares at $235.79 for roughly $169,769, while retaining 29,974 shares directly. The sale represents only a small portion of his stake and there are no remaining derivatives reported, so this looks like a routine liquidity move rather than a major change in alignment.

Insider Trade Summary

Net Seller: 720 shares ($169,769)

Net Sell 3 txns

Insider Nieto Luis P Jr

Role null

Sold 720 shs ($170K)

Type	Security	Shares	Price	Value
Sale	common stock	720	$235.79	$170K
Grant/Award	common stock	720	$0.00	--
Grant/Award	common stock	749	$0.00	--

Holdings After Transaction: common stock — 29,974 shares (Direct, null)

Footnotes (1)

1. Annual grant of $180,000 of restricted stock units pursuant to the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan based on $249.99 per share, which was the last reported sale price of the Company's common stock on May 1, 2026. Grant of restricted stock units pursuant to the dividend reinvestment feature of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation plan. The price reported reflects multiple sales at the same price of $235.79.

Key Figures

Shares sold: 720 shares at $235.79 Sale value: $169,769 Annual RSU grant: $180,000 based on $249.99/share +2 more

5 metrics

Shares sold 720 shares at $235.79 Open-market sale on May 4, 2026

Sale value $169,769 Proceeds from 720 shares sold at $235.79

Annual RSU grant $180,000 based on $249.99/share Restricted stock units granted May 1, 2026

Dividend reinvestment RSUs 749 units Granted via dividend reinvestment feature May 1, 2026

Post-transaction holdings 29,974 shares Common stock directly owned after reported transactions

Key Terms

restricted stock units, dividend reinvestment feature, Equity and Incentive Compensation Plan, open-market sale

4 terms

restricted stock units financial

"Annual grant of $180,000 of restricted stock units pursuant to the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend reinvestment feature financial

"Grant of restricted stock units pursuant to the dividend reinvestment feature of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation plan"

Equity and Incentive Compensation Plan financial

"pursuant to the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan based on $249.99 per share"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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^*

Nieto Luis P Jr

(Last) (First) (Middle)

2333 PONCE DE LEON BLVD.

SUITE 700

(Street)

CORAL GABLES FLORIDA 33134

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		A(1)		720	A	$0	29,945	D
common stock	05/01/2026		A(2)		749	A	$0	30,694	D
common stock	05/04/2026		S		720	D	$235.79(3)	29,974	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. Annual grant of $180,000 of restricted stock units pursuant to the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan based on $249.99 per share, which was the last reported sale price of the Company's common stock on May 1, 2026.

2. Grant of restricted stock units pursuant to the dividend reinvestment feature of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation plan.

3. The price reported reflects multiple sales at the same price of $235.79.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Ryder (R) director Luis P. Nieto Jr. report?

He reported equity grants and a small sale. Nieto received restricted stock units, including a grant valued at $180,000, and sold 720 Ryder common shares at $235.79 per share. After these moves, he directly holds 29,974 shares.

How large was Luis P. Nieto Jr.’s Ryder (R) stock sale on May 4, 2026?

He sold 720 Ryder common shares at $235.79 each. The open-market sale totaled approximately $169,769. Despite this disposition, the filing shows he still directly owns 29,974 shares, so the transaction represents a relatively small portion of his overall stake.

What equity compensation did Ryder (R) grant to director Luis P. Nieto Jr.?

He received restricted stock units as board compensation. The filing notes an annual grant of RSUs valued at $180,000, based on a share price of $249.99, plus 749 additional RSUs from the plan’s dividend reinvestment feature on May 1, 2026.

How many Ryder (R) shares does Luis P. Nieto Jr. own after these Form 4 transactions?

He holds 29,974 Ryder common shares directly. This post-transaction figure comes after receiving two RSU grants on May 1, 2026 and selling 720 shares on May 4, 2026, indicating he retains a substantial equity position in the company.

Were the Ryder (R) equity grants to Luis P. Nieto Jr. tied to a specific plan?

Yes, they were issued under Ryder’s equity plan. The Form 4 states the RSU awards, including dividend reinvestment units, were granted pursuant to the Amended and Restated 2019 Equity and Incentive Compensation Plan, which governs director and executive equity incentives.