Landstar (LSTR) officer details stock grant and tax withholding in Form 4

Rhea-AI Filing Summary

Landstar, Inc. officer James M. Applegate, Chief Corp Sales, Strat, S Frt, reported routine changes in his common stock holdings. On 01/30/2026, he acquired 1,175 shares of common stock at $0 per share, increasing his direct holdings to 8,329 shares. On 01/31/2026, 227 shares were withheld at $148.91 per share to cover tax withholding obligations, leaving him with 8,102 directly owned shares of Landstar 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^*

Applegate James M

(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)
	Chief Corp Sales, Strat, S Frt

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		1,175	A	$0	8,329	D
Common Stock	01/31/2026		F		227(1)	D	$148.91	8,102	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 James M. Applegate report at Landstar (LSTR)?

James M. Applegate reported acquiring 1,175 Landstar common shares on January 30, 2026, at $0 per share and having 227 shares withheld on January 31, 2026, at $148.91 per share to satisfy tax obligations, ending with 8,102 directly owned shares.

How many Landstar (LSTR) shares does James M. Applegate own after these Form 4 transactions?

After the reported transactions, James M. Applegate directly owns 8,102 shares of Landstar common stock. This reflects 1,175 shares acquired at no cost and 227 shares withheld for tax obligations, as disclosed in the Form 4 filing and accompanying footnote.

Were any of James M. Applegate’s Landstar (LSTR) transactions open-market sales or purchases?

The disclosed transactions do not show open-market trades. Applegate acquired 1,175 shares at $0 per share, and 227 shares were withheld at $148.91 per share solely to cover tax withholding obligations, according to the explanation of responses in the filing.

What does the tax withholding entry mean in the Landstar (LSTR) Form 4?

The Form 4 notes that 227 Landstar common shares were withheld at $148.91 per share. A footnote explains these shares were retained by the company to satisfy James M. Applegate’s tax withholding obligations, rather than being sold on the open market.

What is James M. Applegate’s role at Landstar (LSTR) mentioned in the Form 4?

James M. Applegate is identified as an officer of Landstar with the title “Chief Corp Sales, Strat, S Frt.” The Form 4 confirms he is not a director and not a 10% owner, but a reporting officer subject to Section 16 ownership disclosure rules.

On what dates did the reported Landstar (LSTR) insider transactions occur?

The Form 4 lists two non-derivative transactions. The first occurred on January 30, 2026, when 1,175 common shares were acquired. The second occurred on January 31, 2026, when 227 shares were withheld to cover tax withholding obligations, as disclosed in the footnote.