RYDER SYSTEM INC — Director's Dealing 2025

Feb 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2025-02-07

Reporting Person: Ravindran Rajeev (EVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-07	common stock	A	8152	—	Acquired	16512	Direct
2025-02-07	common stock	F	3251	$157.93	Disposed	13261	Direct
2025-02-07	common stock	A	1519	—	Acquired	14780	Direct
2025-02-07	common stock	A	3799	—	Acquired	18579	Direct
2025-02-09	common stock	F	235	$157.93	Disposed	18344	Direct
2025-02-10	common stock	F	286	$157.51	Disposed	18058	Direct
2025-02-11	common stock	F	340	$158.18	Disposed	17866	Direct

Footnotes

F1: With respect to performance-based restricted stock rights (PBRSRs), 8,152 shares were earned out of the 4,076 shares granted on February 11, 2022. The PBRSRs vested upon Board approval.

F2: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of PBRSRs granted to the reporting person on February 11, 2022.

F3: Represents time-based restricted stock rights (TVRSRs) granted to the reporting person by the Company, which vest ratably over a term of three years.

F4: Represents time-based restricted stock rights granted to the reporting person by the Company, which will vest 100% on February 7, 2028.

F5: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs granted to the reporting person on February 9, 2024.

F6: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs granted to the reporting person on February 10, 2023.

F7: Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of TVRSRs granted to the reporting person on February 11, 2022.

F8: Includes 148 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.