Form 4: Ryder Executive Sells Shares for Tax Obligations

Ryder System's EVP, CLO & Corporate Secretary, Robert D. Fatovic, reported the sale of common stock to cover tax liabilities from vested restricted stock units.

Summary

• Robert D. Fatovic, EVP, CLO & Corporate Secretary of Ryder System Inc. (R), reported transactions involving the company's common stock.
• On February 9, 2026, 555 shares were disposed of at a price of $215.73 per share. These shares were withheld by Ryder System Inc. to cover tax obligations arising from the vesting of performance-based restricted stock units (TVRSRs) granted on February 9, 2024.
• On February 10, 2026, an additional 831 shares were disposed of at a price of $212.19 per share. These shares were also withheld by the company for tax payments related to the vesting of TVRSRs granted on February 10, 2023.
• Following these transactions, Mr. Fatovic directly beneficially owns 93,737 shares of common stock.
• Indirect holdings include 1,807 shares through the Ryder Employee Savings Plan and 389 shares through the Ryder Deferred Compensation Plan.
• The reported direct ownership includes 478 shares acquired through the company's dividend reinvestment plan or Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While it involves a sale of shares, it's a standard procedure for tax withholding upon equity award vesting, not a discretionary sale indicating a change in sentiment.

Positives

• The transactions are for tax withholding purposes, indicating the vesting of previously granted equity awards, which is a positive for the executive.
• The executive retains a significant direct beneficial ownership of 93,737 shares, plus indirect holdings, demonstrating continued alignment with shareholder interests.

Negatives

• The sale of shares, even for tax purposes, reduces the executive's direct ownership stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that these transactions are routine for executives receiving equity compensation, as shares are often sold to cover tax liabilities upon vesting. This is a common practice across industries and does not typically reflect a change in the executive's view of the company's prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine tax-related sales by an executive, not a significant change in overall ownership or a signal of company performance.
• Employees: No direct impact on employees beyond the executive involved.

Key Dates

Recommendation

The transactions reported are routine sales for tax withholding purposes upon the vesting of restricted stock units. This is a common occurrence for executives receiving equity compensation and does not typically signal a change in the company's fundamentals or the executive's long-term outlook. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Ryder System, R, Form 4, Insider Trading, Stock Sale, Executive Compensation, Robert D. Fatovic, Restricted Stock Units, Tax Withholding