Form 4: Ryder System Inc. Director Smith E Follin Sells Shares
SEC Form 4 Filing
Director Smith E Follin of Ryder System Inc. sold a total of 3,671 shares of common stock on April 25, 2024.
Summary
- On April 25, 2024, Smith E Follin, a director of Ryder System Inc., sold 3,114 shares of common stock at a weighted average price of $119.
- The price range for these shares was $118.76 to $119.75.
- Additionally, Mr. Follin sold 557 shares at a weighted average price of $120.05, with prices ranging from $119.84 to $120.84.
- Following these transactions, Mr. Follin directly owns 38,413 shares of Ryder System Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding stock sales by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to periodically buy or sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, but it could also be a routine portfolio diversification strategy.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of the stock sale transactions. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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