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: Martin Steve W. (EVP of DTS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-07	common stock	A	8968	—	Acquired	31664	Direct
2025-02-07	common stock	F	3574	$157.93	Disposed	28090	Direct
2025-02-07	common stock	A	2279	—	Acquired	30369	Direct
2025-02-09	common stock	F	342	$157.93	Disposed	30027	Direct
2025-02-10	common stock	F	286	$151.51	Disposed	29741	Direct
2025-02-11	common stock	F	374	$158.18	Disposed	29457	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	2598	Indirect
common stock	496	Indirect

Footnotes

F1: With respect to performance-based restricted stock rights (PBRSRs), 8,968 shares were earned out of the 4,484 shares that were 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 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.

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 10, 2023.

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 11, 2022.

F7: Includes 90 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.