Form 4: Ryder System Inc. Executive Karen M. Jones Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Marketing Officer of Ryder System Inc., Karen M. Jones, reports acquisition and disposal of common stock related to vesting of restricted stock rights and tax obligations.
Summary
- Karen M. Jones, EVP & Chief Marketing Officer of Ryder System Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 7, 2025, Jones acquired 9,782 shares of common stock related to performance-based restricted stock rights (PBRSRs) that vested upon Board approval, and disposed of 3,893 shares for tax payments.
- Also on February 7, 2025, Jones acquired 1,646 time-based restricted stock rights (TVRSRs).
- Additional disposals of common stock occurred on February 9, 10, and 11, 2025, to cover tax obligations related to vesting TVRSRs.
- Following these transactions, Jones beneficially owns 12,247 shares of Ryder System Inc. common stock, which includes 50 shares acquired through the company's dividend reinvestment plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. The vesting of performance-based awards is a slightly positive indicator.
Positives
- The vesting of performance-based restricted stock rights indicates that performance targets were met, which is a positive signal.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The vesting of restricted stock rights is tied to performance and time, aligning executive interests with shareholder value.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
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 9,782 shares from PBRSRs, disposal of 3,893 shares for tax, and acquisition of 1,646 TVRSRs. |
| 02/09/2025 | Disposal of 269 shares for tax related to TVRSRs. |
| 02/10/2025 | Disposal of 327 shares for tax related to TVRSRs. |
| 02/11/2025 | Disposal of 408 shares for tax related to TVRSRs. |
Keywords
Form 4, beneficial ownership, Ryder System Inc., stock transactions, restricted stock rights, Karen M. Jones, vesting, tax withholding
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