RYDER SYSTEM INC — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2023-02-10

Reporting Person: Ravindran Rajeev (EVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-10	common stock	F	5475	$96.43	Disposed	4796	Direct
2023-02-10	common stock	A	10128	—	Acquired	14924	Direct
2023-02-10	common stock	A	2281	—	Acquired	17205	Direct
2023-02-11	common stock	F	339	$96.43	Disposed	16866	Direct
2023-02-12	common stock	F	308	$96.43	Disposed	16558	Direct

Footnotes

F1: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of performance-based restricted stock rights (PBRSRs) granted to the reporting person on February 18, 2020.

F2: Includes 51 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: With respect to PBRSRs, 10,128 shares were earned out of the 6,241 shares that were granted on February 18, 2020. The PBRSRs vested upon Board approval.

F4: Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years.

F5: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of time-based restricted stock rights granted to the reporting person on February 11, 2022.

F6: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of time-based restricted stock rights granted to the reporting person on February 12, 2021.