Form 4: Ryder System EVP Steve W. Martin Reports Stock Option Exercise and Sale
SEC Form 4 Filing
EVP of DTS at Ryder System, Steve W. Martin, exercised stock options and sold shares on February 26, 2024, according to a Form 4 filing with the SEC.
Summary
- On February 26, 2024, Steve W. Martin, EVP of DTS at Ryder System Inc., exercised stock options to acquire 2,590 shares of common stock at a price of $93.51 per share.
- Simultaneously, Martin sold 2,590 shares of common stock at a weighted average price of $113.95, with prices ranging from $113.87 to $114.87.
- Following these transactions, Martin directly owns 32,783 shares of Ryder System Inc. common stock.
- Martin also indirectly owns 2,548 shares through the Ryder Employee Savings Plan and 490 shares through the Ryder Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider trading activity, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 02/12/2016 | 864 stock options vested. |
| 02/12/2017 | 863 stock options vested. |
| 02/12/2018 | 863 stock options vested. |
| 02/11/2025 | Expiration date of the stock options. |
| 02/26/2024 | Date of stock option exercise and sale of shares. |
| 02/28/2024 | Date of the Form 4 filing. |
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