RYDER SYSTEM INC — Director's Dealing 2023

May 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2023-05-05

Reporting Person: SMITH E FOLLIN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-05	common stock	A	2112	—	Acquired	42228	Direct
2023-05-05	common stock	S	1044	$82.47	Disposed	41184	Direct

Footnotes

F1: Annual grant of $175,000 of restricted stock units pursuant to the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan based on $82.85 per share, which was the last reported sale price of the Company's common stock on May 5, 2023.

F2: This reflects the weighted average price at which the shares were sold. The sale price ranged from $82.45 to $83.44. The reporting person will provide, upon request by the Commission staff or a securityholder of the issuer, full information regarding the number of shares sold at each separate price.