RYDER SYSTEM INC — Director's Dealing 2020

May 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2020-05-01

Reporting Person: NORD DAVID G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	common stock	A	4149	—	Acquired	13404	Direct
2020-05-01	common stock	A	478	—	Acquired	13882	Direct

Footnotes

F1: Annual grant of $145,000 of restricted stock units pursuant to the Company's 2019 Equity and Incentive Compensation Plan based on $34.94 per share which was the last reported sale price of the Company's common stock on May 1, 2020.

F2: Grant of restricted stock units in lieu of Mr. Nord's annual cash retainer for Audit Committee Chair as elected by Mr. Nord under the terms of the Company's 2019 Equity and Incentive Compensation Plan. Delivery of the shares will be made following his separation from service on the Board of Directors.