Form 4: Ryder System SVP and Controller, Cristina Gallo-Aquino, Reports Stock Transactions
SEC Form 4 Filing
Cristina Gallo-Aquino, SVP and Controller of Ryder System Inc., reports the exercise of stock options and subsequent sale of shares on July 29, 2024.
Summary
- On July 29, 2024, Cristina Gallo-Aquino, SVP and Controller of Ryder System Inc., exercised stock options to acquire 425 shares of common stock at a price of $93.51 per share.
- Simultaneously, Ms. Gallo-Aquino sold 425 shares of common stock at a weighted average price of $135.73, with prices ranging from $135.73 to $136.72.
- Following these transactions, Ms. Gallo-Aquino directly owns 25,525 shares of Ryder System Inc. common stock and indirectly owns 1,404 shares through the Ryder Employee Savings Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The exercise of stock options and subsequent sale indicates Ms. Gallo-Aquino's belief in the company's value, as she chose to exercise her options.
- The sale price of $135.73 is significantly higher than the exercise price of $93.51, resulting in a profit for Ms. Gallo-Aquino.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into management's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| February 12, 2016 | First vesting date of the stock options in three equal installments. |
| February 12, 2017 | Second vesting date of the stock options in three equal installments. |
| February 12, 2018 | Third vesting date of the stock options in three equal installments. |
| February 11, 2025 | Expiration date of the stock options. |
| July 29, 2024 | Date of the stock option exercise and sale of shares. |
| July 31, 2024 | Date of signature for the Form 4 filing. |
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