Form 4: Ryder System Inc. Executive John S. Sensing Reports Changes in Beneficial Ownership
SEC Form 4
John S. Sensing, President of Global SCS & DTS at Ryder System Inc., reports acquisition and disposal of common stock due to vesting of restricted stock rights and tax withholdings.
Summary
- On February 7, 2025, John S. Sensing acquired 32,612 shares of Ryder System Inc. common stock related to performance-based restricted stock rights (PBRSRs) that vested upon Board approval.
- On the same day, 12,873 shares were disposed of to cover taxes due upon the vesting of PBRSRs at a price of $157.93.
- Additionally, 5,825 time-based restricted stock rights (TVRSRs) were granted to the reporting person, vesting ratably over three years.
- Further disposals occurred on February 9, 10, and 11, 2025, to cover taxes on vesting TVRSRs, with 939, 1,089, and 1,360 shares disposed of at prices of $157.93, $157.51, and $158.18 respectively.
- Following these transactions, Sensing's direct ownership stands at 77,551 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation.
Positives
- The vesting of performance-based restricted stock rights indicates that performance targets were met, which is a positive signal.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect broader industry trends.
Stakeholder Impact
- The vesting of stock options and restricted stock rights aligns executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/11/2022 | Date of original grant of performance-based restricted stock rights (PBRSRs) and time-based restricted stock rights (TVRSRs). |
| 02/09/2024 | Date of grant of time-based restricted stock rights (TVRSRs). |
| 02/10/2023 | Date of grant of time-based restricted stock rights (TVRSRs). |
| 02/07/2025 | Acquisition of 32,612 shares due to vesting of PBRSRs and disposal of 12,873 shares for tax obligations. |
| 02/07/2025 | Grant of 5,825 time-based restricted stock rights (TVRSRs). |
| 02/09/2025 | Disposal of 939 shares for tax obligations related to TVRSRs. |
| 02/10/2025 | Disposal of 1,089 shares for tax obligations related to TVRSRs. |
| 02/11/2025 | Disposal of 1,360 shares for tax obligations related to TVRSRs. |
| 02/11/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Rights, Ryder System Inc., Sensing John S., Insider Trading
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