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

Rhea-AI Filing Summary

Sanford J. Hodes, an officer of Ryder System, Inc. (ticker R), reported a sale of common stock on 08/22/2025. The Form 4 shows 532 shares sold (transaction code S) at a weighted average price of $187.48, with the sale prices ranging from $187.47 to $187.61. After the sale, the reporting person beneficially owns 24,452 shares, which includes 246 shares acquired under Ryder's dividend reinvestment plan. The filing lists the reporting person's role as a director and officer with the title shown as "SVP, C Procur Of, Corp Dev Of". The Form 4 was signed on behalf of Mr. Hodes by a power of attorney, Robert D. Fatovic, dated 08/26/2025.

Positive

• Continued beneficial ownership of 24,452 shares after the transaction indicates ongoing insider investment
• 246 shares acquired via the dividend reinvestment plan shows participation in the company's dividend program
• Form 4 filed and signed by power of attorney, documenting compliance with Section 16 reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider sold a small block of shares; remaining stake and DRIP participation keep alignment with shareholders.

The reported sale of 532 shares at a weighted average of $187.48 is a relatively small disposition versus the remaining 24,452 shares beneficially owned, suggesting limited immediate impact on ownership concentration or control. The filing explicitly states 246 shares were added via the dividend reinvestment plan, indicating continued participation in company dividends. The transaction is routine under Section 16 reporting and does not provide forward-looking information about company performance.

Corporate Governance Expert

TL;DR: Form 4 shows routine insider activity and proper reporting via power of attorney; no governance red flags disclosed.

The report identifies the reporting person as both director and officer and records a sale consistent with required disclosure rules. The Form 4 was signed by an attorney-in-fact, which is permissible and documented with a signature date. There are no indications in the filing of unusual trading patterns, related-party transactions, or amendments that would signal governance concerns based on the disclosed items alone.

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)
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		532	D	$187.48(1)	24,452(2)	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. This reflects the weighted average price at which the shares were sold. The sale price ranged from $187.47 to $187.61. 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. Includes 246 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

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.

FAQ

Who filed the Form 4 for Ryder System, Inc. (R)?

Sanford J. Hodes, a director and officer (title listed as "SVP, C Procur Of, Corp Dev Of"), filed the Form 4 via power of attorney.

What transaction did the filing report on 08/22/2025?

The filing reports a sale of 532 shares of Ryder common stock on 08/22/2025 under transaction code S.

At what price were the shares sold?

The weighted average sale price was $187.48; the sale price range was $187.47 to $187.61.

How many shares does the reporting person own after the sale?

The reporting person beneficially owns 24,452 shares following the reported transaction.

Did the reporting person acquire any shares through dividends?

Yes, the filing states 246 shares were acquired under the company's dividend reinvestment plan.