Form 4: Ryder System Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Robert D. Fatovic, EVP, CLO & Corp. Secretary of Ryder System Inc., exercised stock options and sold shares on November 29, 2024.
Summary
- Robert D. Fatovic, an executive at Ryder System Inc., exercised stock options to acquire 12,500 shares of common stock at a price of $55.32 per share on November 29, 2024.
- On the same day, Mr. Fatovic sold 12,100 shares at a weighted average price of $169.09, with prices ranging from $168.57 to $169.56.
- He also sold an additional 400 shares at a weighted average price of $169.57, with prices ranging from $169.57 to $170.56.
- Following these transactions, Mr. Fatovic directly owns 66,698 shares of common stock and indirectly owns 1,786 shares through the Ryder Employee Savings Plan and Ryder Deferred Compensation Plan.
- The stock options were granted previously and vested in three equal installments on February 10, 2017, February 10, 2018, and February 10, 2019.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This is a routine filing related to executive stock option exercises and sales, which is common in publicly traded companies. It provides transparency into insider transactions.
Comparison to Industry Standards
- Executive stock option exercises and sales are a standard practice in publicly traded companies like Ryder System Inc.
- The reported transactions are similar to those of executives at comparable companies such as Penske Automotive Group and Avis Budget Group, where stock-based compensation is a common component of executive pay.
- The timing and pricing of these transactions are typical and are often tied to vesting schedules and market conditions.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the sale of shares by an executive, but this is generally expected and not a significant event.
Key Dates
| Date | Description |
|---|---|
| 02/10/2017 | First vesting date of stock options. |
| 02/10/2018 | Second vesting date of stock options. |
| 02/10/2019 | Third vesting date of stock options. |
| 11/29/2024 | Date of stock option exercise and share sales. |
| 12/03/2024 | Date of Form 4 filing. |
Keywords
stock options, insider trading, executive compensation, share sale, Form 4, Ryder System Inc, Robert D. Fatovic
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