Ryder launches $300M accelerated share repurchase with Morgan Stanley

RYDER SYSTEM INC

Initial delivery of ~3.1 million shares; final settlement by end of October 2022.
Repurchase funded with existing cash resources, based on volume-weighted average price.
CEO cites strong 2021 results and healthy liquidity for returning capital to shareholders.
ASR provides flexibility: Morgan Stanley may deliver additional shares or receive cash at settlement.

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