Ryder CEO Robert Sanchez Sells $9.7 Million Of Stock After Exercising Options
After three days of sales, Sanchez holds 566,297 shares, mostly through a trust and employee plans; he sold 34,614.
Ryder System Chair and CEO Robert Sanchez sold 34,614 shares at an average $281.66, a $9.7 million transaction, according to an SEC filing made Wednesday. The sales began Monday, the day he exercised options on 77,407 shares at $74.72.
Three days of open-market sales
Ryder, which provides outsourced logistics and transportation services across North America, said in the Form 4 (the report insiders file after trading) that Sanchez sold on Monday, Tuesday and Wednesday. Monday's sale was 6,611 shares at $283.57.
Tuesday brought four sales: 4,950 shares at $283.00, 13,326 at $280.44, 6,535 at $281.50 and 1,539 at $282.22. On Wednesday he sold 1,653 shares at $280.01.
Also on Monday, 42,793 shares were withheld for taxes at $284.43. The options he exercised carried a $74.72 exercise price and, per a footnote, vested in three equal installments on February 21, 2019, 2020 and 2021.
What he still owns
After the trades Sanchez held 566,297 shares as reported, with 40,828 held directly and 525,469 indirectly through a revocable trust and two Ryder employee plans. That is about $156.1 million at Wednesday's close of $275.61.
He sold 5.76% of the 600,911 shares he held beforehand. Right after the option exercise, his direct line stood at 118,235 shares, before the withholding and sales.
A stock near its high
Ryder shares closed Tuesday at $279.49, up 46.0% this year and 66.1% over 12 months, within 5% of the 52-week high of $287.00.
The filing is Sanchez's first Form 4 sale since July 30. Ryder's businesses are fleet management, supply chain and dedicated transportation, which made up 38%, 43% and 18% of 2025 revenue.
The trades were filed Wednesday, with the last sale that day at $280.01 a share.
Sources
- Form 4 — Robert E Sanchez (R) — SEC EDGAR
