SEC Form 4 · accession 0000085961-19-000027
RYDER SYSTEM INC · R
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Sanchez
Officer — Chair and CEO · Director
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000085961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Feb 8, 2019 | F | 7,204 | $57.92 | D | 81,721 | D | |
| common stock | Feb 8, 2019 | M | 18,313 | $0.00 | A | 100,034 | D | |
| common stockF2 | Feb 8, 2019 | A | 14,848 | $0.00 | A | 114,882 | D | |
| common stock | holding | — | — | — | 22,980 | I | By Ryder Employee Savings Plan | |
| common stock | holding | — | — | — | 2,983 | I | By Ryder Deferred Compensation Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock RightsF3,F4 | $0.00 | Feb 8, 2019 | M | 27,840 | D | — | — | common stock | 0 | 0 | D |
| Stock Option (right to buy)F5 | $57.92 | Feb 8, 2019 | A | 73,259 | A | — | Feb 8, 2029 | common stock | 73,259 | 73,259 | D |
Explanation of responses
- F1Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of performance-based restricted stock rights (PBRSRs).
- F2Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years.
- F3With respect to PBRSRs for the first, second and third performance periods, 7,888 shares, 5,592 shares and 4,833 shares were earned, respectively.
- F4The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2018. The PBRSRs earned for each performance period vested upon Board approval on February 8, 2019.
- F5The stock options vest in three equal installments on February 8, 2020, February 8, 2021 and February 8, 2022.