Form 4: Ryder System Inc. Director Eck Receives Annual Restricted Stock Grant

Director Robert J. Eck acquired 1,443 shares of Ryder System Inc. common stock on May 3, 2024, as part of an annual restricted stock unit grant.

Summary

• On May 3, 2024, Robert J. Eck, a director of Ryder System Inc., acquired 1,443 shares of common stock.
• The acquisition was part of an annual grant of restricted stock units valued at $180,000.
• The grant was made pursuant to the company's Amended and Restated 2019 Equity and Incentive Compensation Plan.
• The price per share was $124.66, based on the last reported sale price of Ryder's common stock on May 3, 2024.
• Following the transaction, Eck directly owns 33,170 shares of Ryder System Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, indicating stable corporate governance and alignment of director interests with shareholders. It's a neutral-positive event.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The grant is part of the company's Amended and Restated 2019 Equity and Incentive Compensation Plan, suggesting a structured and ongoing compensation strategy.

Industry Context

Equity compensation is a common practice for aligning the interests of company directors with those of shareholders. Grants of restricted stock units are a typical component of executive compensation packages in publicly traded companies.

Comparison to Industry Standards

• Comparing Ryder's equity compensation practices to companies like XPO Logistics, C.H. Robinson, and J.B. Hunt would provide a benchmark.
• These companies also utilize stock options and restricted stock units as part of their executive compensation packages.
• The value and structure of these grants are often tied to company performance and industry standards.

Stakeholder Impact

• The equity grant aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates