Ryder SVP exercises options, sells 10,527 shares

Ryder System SVP Sanford J. Hodes reported option exercises and share sales.

Rhea-AI Filing Summary

Ryder System SVP Sanford J. Hodes reported option exercises and share sales. On February 17, 2026, he exercised stock options for 4,370 and 3,240 shares of common stock at exercise prices of $76.49 and $74.72 per share, respectively, through derivative transactions coded “M”. He then conducted open-market sales coded “S” totaling 10,527 shares of common stock at a sale price of $210.16 per share. After these transactions, his directly held common stock position was 23,954 shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider HODES SANFORD J.

Role SVP, C Procur Of, Corp Dev Of

Sold 10,527 shs ($2.21M)

Approx. gross sale proceeds $2.21M

Approx. exercise cost $576K

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	4,370	$0.00	$0.00
Exercise	Stock Option (right to buy)	3,240	$0.00	$0.00
Exercise	common stock	4,370	$76.49	$334K
Sale	common stock	4,370	$210.16	$918K
Exercise	common stock	3,240	$74.72	$242K
Sale	common stock	3,240	$210.16	$681K
Sale	common stock	2,917	$210.16	$613K

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); common stock — 23,954 shares (Direct)

Footnotes (3)

1. F1. The price reported reflects multiple sales at the same price of $210.16. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the shares sold.
2. F2. The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.
3. F3. The stock options vest in three equal installments on February 21, 2019, February 21, 2020 and February 21, 2021.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did R (Ryder System) SVP Sanford J. Hodes report?

Sanford J. Hodes reported exercising stock options and selling common shares. On February 17, 2026, he converted options into common stock and then executed multiple open-market sales, all fully detailed in the Form 4 transactions and associated pricing information.

How many Ryder System (R) shares did Sanford J. Hodes sell in this Form 4?

Sanford J. Hodes sold 10,527 shares of Ryder System common stock. These sales occurred on February 17, 2026 at a reported sale price of $210.16 per share, according to the Form 4 transaction summary and related trade details.

At what prices did Sanford J. Hodes exercise Ryder System (R) stock options?

He exercised Ryder System stock options at $76.49 and $74.72 per share. These exercise prices applied to separate option blocks of 4,370 shares and 3,240 shares, both converted into common stock in derivative transactions coded “M” on February 17, 2026.

What is Sanford J. Hodes’ Ryder System (R) share ownership after these transactions?

Following the reported exercises and sales, Sanford J. Hodes directly owns 23,954 shares of Ryder System common stock. This post-transaction balance is taken from the Form 4 totals listed after the final open-market sale entry on February 17, 2026.

What do the transaction codes M and S mean in this Ryder System (R) Form 4?

Code M indicates an exercise or conversion of a derivative security, such as a stock option becoming common stock. Code S signifies an open-market or private sale of common shares. Both codes appear in Sanford J. Hodes’ February 17, 2026 transactions.

What role does Sanford J. Hodes hold at Ryder System (R) in this Form 4?

Sanford J. Hodes is identified as an officer of Ryder System, serving as SVP, Chief Procurement Officer and Corporate Development Officer. This officer title appears in the Form 4 reporting person details alongside the disclosed equity transactions.

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Accepted by SEC EDGAR 02/18/2026 - 06:52 PM EST Learn about SEC filing dates

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^*

HODES SANFORD J.

(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)
	SVP, C Procur Of, Corp Dev Of

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		M		4,370	A	$76.49	31,241	D
common stock	02/17/2026		S		4,370	D	$210.16(1)	26,871	D
common stock	02/17/2026		M		3,240	A	$74.72	30,111	D
common stock	02/17/2026		S		3,240	D	$210.16(1)	26,871	D
common stock	02/17/2026		S		2,917	D	$210.16(1)	23,954	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
Stock Option (right to buy)	$76.49	02/17/2026		M			4,370	(2)	02/09/2027	common stock	4,370	$0	0	D
Stock Option (right to buy)	$74.72	02/17/2026		M			3,240	(3)	02/21/2028	common stock	3,240	$0	0	D

Explanation of Responses:

1. The price reported reflects multiple sales at the same price of $210.16. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the shares sold.

2. The stock options vest in three equal installments on February 10, 2018, February 10, 2019 and February 10, 2020.

3. The stock options vest in three equal installments on February 21, 2019, February 21, 2020 and February 21, 2021.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	02/18/2026
	** 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.