Form 4: Ryder System EVP Steve W. Martin Reports Changes in Beneficial Ownership
SEC Form 4
EVP of DTS at Ryder System, Steve W. Martin, reports acquisition and disposal of common stock due to vesting of restricted stock rights and tax withholdings.
Summary
- Steve W. Martin, EVP of DTS at Ryder System, filed a Form 4 detailing changes in his beneficial ownership of Ryder System Inc. common stock.
- On February 7, 2025, Martin acquired 8,968 shares of common stock related to performance-based restricted stock rights (PBRSRs) that vested upon Board approval, and 2,279 shares related to time-based restricted stock rights (TVRSRs).
- He also disposed of shares to cover tax obligations related to the vesting of these restricted stock rights on February 7, 9, 10, and 11, 2025.
- Following these transactions, Martin directly owns 29,457 shares of common stock and indirectly owns 3,094 shares through the Ryder Employee Savings Plan and the Ryder Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of restricted stock rights indicates that Martin is meeting performance or tenure requirements.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 02/11/2022 | Date of grant for performance-based restricted stock rights (PBRSRs) that vested on 02/07/2025. |
| 02/09/2024 | Date of grant for time-based restricted stock rights (TVRSRs) that vested on 02/09/2025. |
| 02/10/2023 | Date of grant for time-based restricted stock rights (TVRSRs) that vested on 02/10/2025. |
| 02/07/2025 | Date of acquisition of 8,968 shares due to vesting of PBRSRs and 2,279 shares due to vesting of TVRSRs; also date of disposal of shares for tax withholding. |
| 02/09/2025 | Date of disposal of shares for tax withholding. |
| 02/10/2025 | Date of disposal of shares for tax withholding. |
| 02/11/2025 | Date of disposal of shares for tax withholding; Date of report. |
Keywords
Form 4, Beneficial Ownership, Ryder System, Stock, Restricted Stock Rights, Martin, Vesting, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.