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Landstar (LSTR) VP CIO logs 1,678-share grant and 366-share tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Landstar System executive Ricardo S. Coro, Vice President and CIO, reported routine equity transactions in company common stock. On January 30, 2026, he acquired 1,678 shares at $0 per share, likely reflecting the vesting or grant of stock-based compensation, bringing his holdings to 23,221 shares.

On January 31, 2026, 366 shares were withheld at $148.91 per share, classified under code “F”, which the footnote explains represents shares withheld to satisfy tax withholding obligations. After these transactions, Coro directly owned 22,855 shares of Landstar common stock.

Positive

  • None.

Negative

  • None.
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
CORO RICARDO S

(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)
Vice President - CIO
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 23,221 D
Common Stock 01/31/2026 F 366(1) D $148.91 22,855 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Landstar (LSTR) VP CIO Ricardo Coro report?

Coro reported one stock grant and one tax-related share withholding. He acquired 1,678 Landstar common shares at $0 on January 30, 2026, then had 366 shares withheld at $148.91 on January 31, 2026 to cover tax obligations.

How many Landstar (LSTR) shares does Ricardo Coro own after the Form 4?

After the reported transactions, Ricardo S. Coro directly owns 22,855 shares of Landstar common stock. This figure reflects the 1,678-share acquisition followed by 366 shares withheld to satisfy tax withholding obligations, as disclosed in the Form 4 filing.

What does transaction code F mean in the Landstar (LSTR) Form 4 filing?

In this Form 4, transaction code F indicates shares withheld by the issuer to cover tax withholding obligations. Specifically, 366 shares of Landstar common stock were withheld at $148.91 per share on January 31, 2026 for this purpose.

Was the Landstar (LSTR) insider transaction an open market sale or purchase?

The filing does not show an open market trade. It reports a grant or vesting of 1,678 shares at $0 and a tax withholding of 366 shares at $148.91, both typical of equity compensation activity.

What role does Ricardo S. Coro hold at Landstar (LSTR) in this Form 4?

Ricardo S. Coro is identified as an officer of Landstar with the title Vice President - CIO. He is not listed as a director or 10% owner, and the Form 4 is filed for him as a single reporting person.

Are Ricardo Coro’s Landstar (LSTR) shares held directly or indirectly?

The Form 4 shows all reported holdings as direct ownership, marked with code “D” in the ownership column. There is no indication of indirect ownership through trusts, partnerships, or other entities in the disclosed transactions.

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5.41B
34.05M
1.05%
106.86%
4.75%
Integrated Freight & Logistics
Trucking (no Local)
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United States
JACKSONVILLE