Form 4: Ryder System Inc. Director Acquires Shares in Lieu of Cash Retainer

Director Charles M Swoboda acquired 228 shares of Ryder System Inc. common stock on April 1, 2024, in lieu of a cash retainer.

Summary

• On April 1, 2024, Charles M Swoboda, a director of Ryder System Inc., acquired 228 shares of common stock.
• The acquisition was made in lieu of a cash retainer, as elected by Swoboda under the terms of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation Plan.
• Each restricted stock unit (RSU) represents the right to receive one share of common stock, with delivery of shares to be made following separation from service on the Board of Directors.
• Following the transaction, Swoboda beneficially owns 3,979 shares of Ryder System Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director taking stock instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares instead of cash shows confidence in the company's future.

Future Outlook

Delivery of the shares will be made following separation from service on the Board of Directors.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock as part of their compensation.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates