[Form 4] Ryder System, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ryder System insider Robert E. Sanchez, who serves as Chair and CEO and a director, reported changes in his beneficial ownership of common stock. The Form 4 discloses a disposal of 40,824 shares and a transaction on 08/08/2025 coded G for 8,412 shares. The filing shows total beneficial holdings attributable to him and related accounts as 441,532 shares, with additional indirect holdings of 28,245 shares in the Ryder Employee Savings Plan and 3,667 shares in the Ryder Deferred Compensation Plan.

Insights

Securities Analyst

TL;DR: Insider reported a sale and a coded plan transfer while retaining a sizeable beneficial stake; signal is neutral.

The Form 4 shows an explicit disposal of 40,824 common shares and a G-coded transaction involving 8,412 shares. Despite the disposal, the reporting person continues to have meaningful aggregate holdings reported as 441,532 shares including trust and plan accounts. For investors, this is a routine Section 16 disclosure documenting both direct and indirect holdings and a transaction under a prearranged plan; there is no further financial detail to assess motive or material impact on company fundamentals.

Corporate Governance Expert

TL;DR: Filing demonstrates procedural compliance and use of trust and plan vehicles; governance transparency is intact.

The report identifies Robert E. Sanchez as both a director and the Chair and CEO and records transactions across direct and indirect ownership vehicles, including The Robert E. Sanchez Revocable Trust, the Ryder Employee Savings Plan, and the Ryder Deferred Compensation Plan. The presence of a G code and a power-of-attorney signature indicate use of established mechanisms for executing prearranged transactions and delegated filing responsibility. This disclosure meets Section 16 transparency requirements without indicating governance issues.

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
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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^*

SANCHEZ ROBERT E

(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
X	Officer (give title below)		Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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								40,824	D
common stock	08/08/2025		G		8,412	D	$0	441,532	I	The Robert E. Sanchez Revocable Trust
common stock								28,245	I	By Ryder Employee Savings Plan
common stock								3,667	I	By Ryder Deferred Compensation Plan

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:

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	08/12/2025
	** 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 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 Robert E. Sanchez report on Form 4 for Ryder (R)?

He reported a disposal of 40,824 shares and a G-coded transaction for 8,412 shares, with total beneficial holdings shown as 441,532 shares.

How many shares were disposed of by the reporting person?

The form shows a reported disposition of 40,824 common shares.

What does transaction code G mean on this Form 4?

Code G indicates the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative-defense conditions of Rule 10b5-1(c).

Does Sanchez hold shares indirectly and through what vehicles?

Yes. The filing lists indirect holdings via The Robert E. Sanchez Revocable Trust, the Ryder Employee Savings Plan (28,245 shares), and the Ryder Deferred Compensation Plan (3,667 shares).

Who signed the Form 4 filing on behalf of the reporting person?

The form was signed on behalf of the reporting person by Robert D. Fatovic by power of attorney.