Form 4: Ryder System EVP Francisco Lopez Jr. Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief HR Officer of Ryder System, Francisco Lopez Jr., reports acquisition and disposal of common stock related to performance-based and time-based restricted stock rights.
Summary
- On February 7, 2025, Francisco Lopez Jr., EVP & Chief HR Officer of Ryder System Inc., acquired 13,044 shares of common stock related to performance-based restricted stock rights (PBRSRs) that vested upon Board approval.
- Also on February 7, 2025, 5,176 shares of common stock were withheld by the company for tax payments due upon the vesting of PBRSRs granted on February 11, 2022, at a price of $157.93.
- Additionally, on February 7, 2025, Lopez acquired 2,786 time-based restricted stock rights (TVRSRs) that vest ratably over three years.
- Further tax withholdings occurred on February 9, 10, and 11 of 2025, resulting in the disposal of 448, 490, and 571 shares respectively, at a price of $157.93, $157.51 and $158.18.
- Following these transactions, Lopez directly owns 56,924 shares of Ryder System Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock-based compensation and tax obligations. There's no indication of unusual or concerning activity.
Positives
- The vesting of performance-based restricted stock rights suggests the achievement of certain performance metrics by the company or the reporting person.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Comparison to Industry Standards
- Ryder System is in the transportation and logistics industry.
- Comparable companies that also have regular Form 4 filings include XPO Logistics, C.H. Robinson Worldwide, and J.B. Hunt Transport Services.
- The frequency and nature of insider transactions (acquisitions vs disposals) and the reasons behind them (e.g., option exercises, tax obligations) are typical benchmarks for comparison.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the transfer of shares related to executive compensation.
- Employees holding similar stock rights may be interested in the details of vesting and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/11/2022 | Date of grant for performance-based restricted stock rights (PBRSRs) and time-based restricted stock rights (TVRSRs). |
| 02/09/2024 | Date of grant for time-based restricted stock rights (TVRSRs). |
| 02/10/2023 | Date of grant for time-based restricted stock rights (TVRSRs). |
| 02/07/2025 | Date of acquisition of 13,044 shares from PBRSRs and disposal of 5,176 shares for tax withholdings; also acquisition of 2,786 TVRSRs. |
| 02/09/2025 | Date of disposal of 448 shares for tax withholdings. |
| 02/10/2025 | Date of disposal of 490 shares for tax withholdings. |
| 02/11/2025 | Date of disposal of 571 shares for tax withholdings. |
Keywords
Form 4, insider trading, stock options, restricted stock, RYDER SYSTEM INC, Lopez Francisco Jr.
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