Ryder authorizes new discretionary, anti-dilutive plans to repurchase shares

Ryder (R) System announces its Board of Directors has authorized two new share repurchase plans. Under the new discretionary repurchase plan, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from October 9, 2025, through October 9, 2027. This plan is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, investments in organic growth, acquisition opportunities, and shareholder returns. The new plan replaces the company’s previously authorized 2.0 million share discretionary plan from 2024, which was largely completed. Under the new anti-dilutive repurchase plan, Ryder management is authorized to repurchase up to 1.5 million shares of common stock, from October 9, 2025, through October 9, 2027, that have been issued to employees under the company’s employee stock plans since August 31, 2025. This plan is designed to mitigate the dilutive impact of shares issued under the company’s employee stock plans. The new plan replaced the company’s 2023 anti-dilutive plan, which expired on October 12, 2025.