LANDSTAR INC (LSTR) legal chief reports stock grant and tax withholding

Rhea-AI Filing Summary

LANDSTAR INC VP General Counsel & Secretary Michael K. Kneller reported routine equity compensation activity in company stock. On 01/30/2026, he acquired 1,678 shares of common stock at $0, increasing his direct holdings to 63,925 shares. On 01/31/2026, 365 shares were withheld at $148.91 per share to satisfy tax withholding obligations, leaving him with 63,560 directly held shares of common stock.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kneller Michael K

(Last) (First) (Middle)

13410 SUTTON PARK DRIVE SOUTH

(Street)

JACKSONVILLE FL 32224

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LANDSTAR SYSTEM INC [ LSTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP General Counsel & Secy

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026		A		1,678	A	$0	63,925	D
Common Stock	01/31/2026		F		365(1)	D	$148.91	63,560	D

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

Explanation of Responses:

1. Represents shares withheld to pay tax withholding obligations.

	/s/ Lauren W. Mapanoo, attorney-in-fact	02/03/2026
	** 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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FAQ

What insider transactions did Michael K. Kneller report for LANDSTAR INC (LSTR)?

Michael K. Kneller reported two transactions in LANDSTAR INC common stock. He received 1,678 shares at $0 on 01/30/2026, then had 365 shares withheld at $148.91 on 01/31/2026 to cover taxes, resulting in 63,560 directly held shares.

How many LANDSTAR INC (LSTR) shares does Michael K. Kneller now own?

After the reported transactions, Michael K. Kneller directly owns 63,560 LANDSTAR INC common shares. This figure reflects a grant of 1,678 shares on 01/30/2026 and the withholding of 365 shares on 01/31/2026 for tax obligations.

What does the tax withholding transaction mean in the LANDSTAR INC (LSTR) Form 4?

The Form 4 notes that 365 shares were withheld to pay tax withholding obligations. This means part of Kneller’s equity award was retained by the company at $148.91 per share to satisfy taxes due on the stock compensation.

On what dates did the LANDSTAR INC (LSTR) insider transactions occur?

The reported insider transactions occurred on two consecutive days. Kneller received 1,678 LANDSTAR INC common shares on 01/30/2026, and on 01/31/2026, 365 shares were withheld at $148.91 per share for tax withholding obligations tied to that award.

What is transaction code A and F in the LANDSTAR INC (LSTR) Form 4?

In this Form 4, code “A” on 01/30/2026 indicates an acquisition of 1,678 shares, likely from an equity award, at $0. Code “F” on 01/31/2026 reflects 365 shares withheld at $148.91 to satisfy tax withholding obligations related to that award.

Is Michael K. Kneller a major insider at LANDSTAR INC (LSTR)?

Michael K. Kneller is reported as an officer of LANDSTAR INC, serving as VP General Counsel & Secretary. He is not listed as a director or 10% owner in this Form 4, but his position makes these transactions relevant to insider activity monitoring.