Ryder (R) director takes 138-share RSU grant instead of cash retainer

Rhea-AI Filing Summary

SWOBODA CHARLES M reported acquisition or exercise transactions in this Form 4 filing.

Ryder System Inc. director Charles M. Swoboda received a grant of 138 shares of common stock on April 1, 2026. The award is in the form of restricted stock units granted in lieu of a cash retainer under the company’s Amended and Restated 2019 Equity and Incentive Compensation Plan. Following this grant, he directly holds 8,210 shares of Ryder common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SWOBODA CHARLES M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	common stock	138	$0.00	--

Holdings After Transaction: common stock — 8,210 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 138 shares Transaction price per share: $0.00 per share Shares held after grant: 8,210 shares

3 metrics

RSU grant size 138 shares Restricted stock units granted on April 1, 2026

Transaction price per share $0.00 per share Equity grant, not a market purchase

Shares held after grant 8,210 shares Total direct Ryder common stock holdings post-transaction

Key Terms

restricted stock units (RSU), cash retainer, Amended and Restated 2019 Equity and Incentive Compensation Plan

3 terms

restricted stock units (RSU) financial

"Grant of restricted stock units (RSU) in lieu of cash retainer"

cash retainer financial

"RSU in lieu of cash retainer as elected by the reporting person"

Amended and Restated 2019 Equity and Incentive Compensation Plan financial

"under the terms of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation Plan"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SWOBODA CHARLES M

(Last) (First) (Middle)

2333 PONCE DE LEON BLVD.

SUITE 700

(Street)

CORAL GABLES FLORIDA 33134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [ R ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	04/01/2026		A(1)		138	A	$0	8,210	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of restricted stock units (RSU) in lieu of cash retainer as elected by the reporting person under the terms of the Issuer's Amended and Restated 2019 Equity and Incentive Compensation Plan. Each RSU represents the right to receive one share of common stock.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ryder (R) director Charles Swoboda report?

Director Charles M. Swoboda reported receiving 138 shares of Ryder common stock as a grant. The award is structured as restricted stock units under the company’s 2019 equity and incentive compensation plan, increasing his direct holdings to 8,210 shares.

Was the Ryder (R) insider grant to Charles Swoboda a market purchase?

No, the 138-share increase for Charles M. Swoboda was a grant, not a market purchase. It represents restricted stock units issued in lieu of a cash retainer as part of director compensation, under Ryder’s Amended and Restated 2019 Equity and Incentive Compensation Plan.

How many Ryder (R) shares does Charles Swoboda hold after this Form 4?

After the reported grant, Charles M. Swoboda directly holds 8,210 shares of Ryder common stock. This total reflects the addition of 138 shares received as restricted stock units granted instead of cash retainer fees under the company’s equity compensation plan.

What are the terms of the Ryder (R) grant reported by Charles Swoboda?

The filing shows a grant of 138 restricted stock units with a per-share transaction price of $0.00. Each RSU represents the right to receive one share of Ryder common stock, issued in lieu of a cash retainer under the 2019 equity and incentive compensation plan.

What does the footnote in Charles Swoboda’s Ryder (R) Form 4 explain?

The footnote explains that the 138-share grant is restricted stock units awarded instead of a cash retainer, as elected by Charles M. Swoboda. Each unit converts into one share of common stock under Ryder’s Amended and Restated 2019 Equity and Incentive Compensation Plan.