Robert E Sanchez Form 4 RYDER SYSTEM / ROBERT E SANCHEZ ownership change

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

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

1. Name and Address of Reporting Person^*

SANCHEZ ROBERT E

(Last) (First) (Middle)

2333 PONCE DE LEON BLVD.

SUITE 700

(Street)

CORAL GABLES FL 33134

(City) (State) (Zip)

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
X	Officer (give title below)	Other (specify below)
Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/10/2024

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

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

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

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	05/10/2024		M		11,992	A	$93.51	137,961	D
common stock	05/10/2024		S		11,992	D	$127.08(1)	125,969	D
common stock	05/13/2024		M		18,303	A	$93.51	144,272	D
common stock	05/13/2024		S		16,485	D	$126.1(2)	127,787	D
common stock	05/13/2024		S		1,818	D	$127.09(3)	125,969	D
common stock	05/14/2024		M		53,130	A	$93.51	179,099	D
common stock	05/14/2024		S		26,579	D	$126.76(4)	152,520	D
common stock	05/14/2024		S		26,551	D	$127.21(5)	126,394(6)	D
common stock								381,505	I	The Robert E. Sanchez Revocable Trust
common stock								27,574	I	By Ryder Employee Savings Plan
common stock								3,581	I	By Ryder Deferred Compenstion Plan

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
Stock Option (right to buy)	$93.51	05/10/2024		M			11,992	(7)	02/11/2025	common stock	11,992	$0	71,433	D
Stock Option (right to buy)	$93.51	05/13/2024		M			18,303	(7)	02/11/2025	common stock	18,303	$0	53,130	D
Stock Option (right to buy)	$93.51	05/14/2024		M			53,130	(7)	02/11/2025	common stock	53,130	$0	0	D

Explanation of Responses:

1. This reflects the weighted average price at which the shares were sold. The sale price ranged from $127.00 to $127.99. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

2. This reflects the weighted average price at which the shares were sold. The sale price ranged from $126.00 to $126.99. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

3. This reflects the weighted average price at which the shares were sold. The sale price ranged from $127.04 to $128.03. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

4. This reflects the weighted average price at which the shares were sold. The sale price ranged from $126.03 to $127.02. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

5. This reflects the weighted average price at which the shares were sold. The sale price ranged from $127.03 to $128.03. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

6. Includes 425 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan and 125 shares acquired under the Company's Employee Stock Purchase Plan since the date of the reporting person's last Section 16 filing.

7. The options vested in accordance with the following schedule: 27,809 vested on February 12, 2016; 27,808 vested on February 12, 2017; and 27,808 vested on February 12, 2018.

Remarks:

	/s/ Robert D. Fatovic, by power of attorney	05/14/2024
	** 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).
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