Form 4: Ryder System Inc. Executive Vice President and CFO, Cristina Gallo-Aquino, Reports Changes in Beneficial Ownership

Cristina Gallo-Aquino, EVP and CFO of Ryder System Inc., reports acquisition of restricted stock rights and disposition of shares for tax obligations.

Summary

• On February 7, 2025, Cristina Gallo-Aquino acquired 4,305 shares of common stock through time-based restricted stock rights (TVRSRs) at a price of $0.
• These TVRSRs vest ratably over three years.
• Between February 9 and February 11, 2025, Gallo-Aquino disposed of a total of 1,301 shares of common stock to cover tax obligations related to the vesting of TVRSRs granted in previous years.
• The disposition prices ranged from $157.51 to $158.18 per share.
• Following these transactions, Gallo-Aquino directly owns 28,529 shares of common stock and indirectly owns 1,416 shares through the Ryder Employee Savings Plan.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity. The acquisition of shares through TVRSRs is a positive sign, while the sale of shares for tax purposes is neutral. Overall, the sentiment is moderately positive.

Positives

• The acquisition of 4,305 shares through TVRSRs indicates a long-term incentive and alignment of interests between the executive and the company's performance.

Future Outlook

The TVRSRs vest ratably over a term of three years, suggesting continued equity-based compensation for the reporting person.

Industry Context

Executive stock transactions are common and closely monitored to ensure compliance with insider trading regulations and to provide transparency to investors.

Comparison to Industry Standards

• Ryder's executive compensation practices, including the use of TVRSRs, are typical for publicly traded companies.
• Companies like XPO Logistics and J.B. Hunt also utilize stock-based compensation to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting standard executive compensation practices.
• Employees participating in the Ryder Employee Savings Plan may be indirectly affected by the overall stock performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Ryder System Inc, Cristina Gallo-Aquino, TVRSR, Stock Options, Insider Trading