What share price was used to determine Tamara Lundgren’s equity grant at Ryder (R)?

The company used $249.99 per share as the reference price. A footnote explains this was the last reported sale price of Ryder’s common stock on May 1, 2026, and it was applied to calculate the $180,000 value of restricted stock units granted.

Ryder System (NYSE: R) director awarded 1,024 restricted units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ryder System Inc. director Tamara L. Lundgren reported equity compensation awards rather than open-market trades. On May 1, 2026, she acquired a total of 1,024 shares of common stock as restricted stock units, recorded at a price of $0.00 per share because they were grants.

The filing notes an annual grant of $180,000 of restricted stock units, based on a $249.99 last reported sale price of Ryder common stock on May 1, 2026. Additional restricted stock units were granted through the dividend reinvestment feature of the company’s Amended and Restated 2019 Equity and Incentive Compensation Plan, and a further 292 shares of common stock were acquired under the dividend reinvestment plan since her last Section 16 filing.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lundgren Tamara L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	common stock	720	$0.00	--
Grant/Award	common stock	304	$0.00	--

Holdings After Transaction: common stock — 32,076 shares (Direct, null)

Footnotes (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. Includes 292 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.

Key Figures

Restricted stock units granted: 1,024 shares Annual RSU grant value: $180,000 Reference share price: $249.99 per share +3 more

6 metrics

Restricted stock units granted 1,024 shares Total common stock acquired as RSU grants on May 1, 2026

Annual RSU grant value $180,000 Restricted stock units under 2019 Equity and Incentive Compensation Plan

Reference share price $249.99 per share Last reported sale price of Ryder common stock on May 1, 2026

RSUs from one grant 304 shares Part of annual restricted stock unit grant on May 1, 2026

Additional RSUs granted 720 shares Restricted stock units via dividend reinvestment feature of equity plan

Dividend reinvestment shares 292 shares Common stock acquired under dividend reinvestment plan since last filing

Key Terms

restricted stock units, dividend reinvestment feature, dividend reinvestment plan, Amended and Restated 2019 Equity and Incentive Compensation Plan

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"

dividend reinvestment plan financial

"Includes 292 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Amended and Restated 2019 Equity and Incentive Compensation Plan financial

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

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 04:52 PM

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^*

Lundgren Tamara L.

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common stock	05/01/2026		A⁽¹⁾		720	A	$0	32,076	D
common stock	05/01/2026		A⁽²⁾		304	A	$0	32,672⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. Includes 292 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan since the date of the reporting person's last Section 16 filing.

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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Tamara L. Lundgren report in this Form 4 for Ryder (R)?

Tamara L. Lundgren reported acquiring equity awards, not market purchases or sales. She received 1,024 shares of Ryder common stock as restricted stock units granted as compensation, plus additional shares through the company’s dividend reinvestment features under its equity incentive plan.

Were Tamara L. Lundgren’s Ryder (R) transactions open-market buys or sells?

They were not open-market trades. The Form 4 shows code “A” transactions, meaning grant or award acquisitions. The shares were issued as restricted stock units and through dividend reinvestment under Ryder’s Amended and Restated 2019 Equity and Incentive Compensation Plan.

How large was the annual restricted stock unit grant to Tamara Lundgren at Ryder (R)?

The annual grant was valued at $180,000 of restricted stock units. This amount was calculated using a reference price of $249.99 per Ryder common share, which was the last reported sale price on May 1, 2026, according to the filing footnote.

How many Ryder (R) shares did Tamara Lundgren receive through dividend reinvestment?

She received additional equity via dividend-linked features in two ways. Restricted stock units were granted through the plan’s dividend reinvestment feature, and 292 shares of common stock were acquired under the company’s dividend reinvestment plan since her prior Section 16 filing.

Does this Ryder (R) Form 4 indicate any tax-withholding or option exercises?

The Form 4 reflects only grant or award acquisitions coded as “A.” There are no entries for option exercises, tax-withholding dispositions, or sales. The transactions relate to restricted stock unit grants and dividend reinvestment rather than derivative exercises or tax events.