Ryder announces two new share repurchase programs

Ryder announced its board of directors has authorized two new share repurchase programs. Under the new discretionary repurchase program, Ryder management is authorized to repurchase up to 2M shares of common stock, at its discretion, from October 12 through October 12, 2025. This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, acquisition opportunities, and shareholder returns. Our previously authorized 2M share discretionary repurchase program, authorized in February , was completed in September. Under the new anti-dilutive repurchase program, Ryder management is authorized to repurchase up to 2M shares of common stock from October 12, through October 12, 2025, that have been issued to employees under the company’s employee stock plans since August 31. This program is designed to mitigate the dilutive impact of shares issued under the company’s employee stock plans. The new program replaced the company’s 2021 anti-dilutive program, which expired on October 14.