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

Ryder System (NYSE: R) EVP Steve W. Martin sells 5,500 company shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Ryder System EVP of DTS Steve W. Martin reported sales of 5,500 shares of common stock on August 22, 2025 in transactions coded S (open market or private). Footnotes state the weighted-average sale prices ranged from $185.00 to $188.99 per share. After these transactions he directly holds 24,235 shares, plus 2,639 shares through the Ryder Employee Savings Plan and 126 shares through the Ryder Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sold 5,500 shares on 08/22/2025, reducing direct holdings by 4,458 shares.

The disclosed open-market sales total 5,500 shares executed across four trades at weighted average prices between $185.49 and $188.56. Direct owned shares decreased from 28,693 to 24,235, while indirect holdings remain 2,639 (Employee Savings Plan) and 126 (Deferred Compensation Plan). These are routine insider disposition disclosures and provide transparency on executive liquidity; no options, acquisitions, or derivative exercises are reported.

TL;DR: Timely Form 4 filing documents scheduled open-market sales; no indications of unusual disclosure issues.

The filing identifies the reporting person as an officer (EVP of DTS) and records multiple sales on a single date with accompanying weighted-average price explanations. A power of attorney executed the filing on 08/26/2025. The Form 4 provides required transparency about beneficial ownership changes; it does not state whether sales were pursuant to a Rule 10b5-1 plan, and therefore the filing leaves that governance detail unspecified.

Insider Martin Steve W.
Role EVP of DTS
Sold 5,500 shs ($1.03M)
Type Security Shares Price Value
Sale common stock 1,042 $185.49 $193K
Sale common stock 2,261 $186.88 $423K
Sale common stock 1,929 $187.69 $362K
Sale common stock 268 $188.56 $51K
holding common stock -- -- --
holding common stock -- -- --
Holdings After Transaction: common stock — 24,235 shares (Direct); common stock — 2,639 shares (Indirect, By Ryder Employee Savings Plan); common stock — 126 shares (Indirect, By Ryder Deferred Compensation Plan)
Footnotes (4)
  1. F1. This reflects the weighted average price at which the shares were sold. The sale price ranged from $185.00 to $185.79. 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. F2. This reflects the weighted average price at which the shares were sold. The sale price ranged from $186.35 to $187.34. 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.
  3. F3. This reflects the weighted average price at which the shares were sold. The sale price ranged from $187.35 to $188.32. 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.
  4. F4. This reflects the weighted average price at which the shares were sold. The sale price ranged from $188.41 to $188.99. 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.
Shares sold 5,500 shares Total common shares sold on August 22, 2025 across four transactions coded S
Sale price range $185.00 - $188.99 per share Footnotes describe weighted-average prices with trades between these levels
Direct holdings after transaction 24,235 shares Canonical post-transaction direct common stock position for Steve W. Martin
Ryder Employee Savings Plan holdings 2,639 shares Indirect common stock holdings via Ryder Employee Savings Plan as of August 22, 2025
Ryder Deferred Compensation Plan holdings 126 shares Indirect common stock holdings via Ryder Deferred Compensation Plan as of August 22, 2025
weighted average price financial
"This reflects the weighted average price at which the shares were sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Ryder Employee Savings Plan financial
"By Ryder Employee Savings Plan"
Ryder Deferred Compensation Plan financial
"By Ryder Deferred Compensation Plan"
non-derivative financial
"transaction_type": "non-derivative""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How many Ryder System (R) shares did Steve W. Martin sell?
Steve W. Martin sold 5,500 shares of Ryder System common stock in transactions dated August 22, 2025. These were non-derivative sales coded S, which covers open-market or private transactions, as reported in this insider filing.

At what prices were the Ryder System (R) shares sold in this Form 4?
The reported sales were executed at weighted-average prices with individual trade prices ranging from $185.00 to $188.99 per share. Footnotes explain that detailed price and volume information for each trade lot is available upon request.

What is Steve W. Martins position at Ryder System (R)?
Steve W. Martin is reported as an officer of Ryder System, serving as EVP of DTS. This officer role is disclosed in the insider ownership section accompanying the Form 4, indicating his status as a company executive.

How many Ryder System (R) shares does Steve W. Martin hold after these sales?
After the reported transactions, Steve W. Martin holds 24,235 Ryder System shares directly. He also has 2,639 shares through the Ryder Employee Savings Plan and 126 shares through the Ryder Deferred Compensation Plan, as indirect holdings.

Were any derivative securities involved in this Ryder System (R) Form 4?
No derivative securities are listed in this Form 4. All reported activity involves non-derivative common stock, and the derivative summary section shows no option exercises, conversions, or other derivative transactions for this reporting period.
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*
Martin Steve W.
(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)
EVP of DTS
3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025
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 08/22/2025 S 1,042 D $185.49(1) 28,693 D
common stock 08/22/2025 S 2,261 D $186.88(2) 26,432 D
common stock 08/22/2025 S 1,929 D $187.69(3) 24,503 D
common stock 08/22/2025 S 268 D $188.56(4) 24,235 D
common stock 2,639 I By Ryder Employee Savings Plan
common stock 126 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:
1. This reflects the weighted average price at which the shares were sold. The sale price ranged from $185.00 to $185.79. 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 $186.35 to $187.34. 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.
3. This reflects the weighted average price at which the shares were sold. The sale price ranged from $187.35 to $188.32. 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.
4. This reflects the weighted average price at which the shares were sold. The sale price ranged from $188.41 to $188.99. 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 08/26/2025
** 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.

Source: View Original Filing on SEC EDGAR