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: Nieto Luis P Jr (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	common stock	A	4149	—	Acquired	28857	Direct
2020-05-04	common stock	S	4149	$32.55	Disposed	24708	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: The price ranged from $32.37 to $32.68. The reporting person will provide, upon request by the Commission staff, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.