Form 4: Ryder System Inc. Director Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director David G. Nord acquired Ryder System Inc. common stock in lieu of a cash retainer on April 1, 2024.
Summary
- On April 1, 2024, David G. Nord, 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 Nord under the terms of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation Plan.
- The price per share was $0.
- Following the transaction, Nord beneficially owns 29,188 shares of Ryder System Inc. common stock.
- The shares will be delivered following separation from service on the Board of Directors.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director taking stock in lieu of cash is a mildly positive signal.
Positives
- The director's decision to take stock in lieu 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
Directors receiving stock in lieu of cash compensation is a common practice to align their interests with shareholders.
Stakeholder Impact
- The transaction aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: acquisition of common stock. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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.