Landstar (LSTR) officer nets 4,971 shares after tax withholding

Rhea-AI Filing Summary

Landstar Inc. Chief Safety & Operations officer Matthew Miller reported routine equity activity. On January 30, 2026, he acquired 1,678 shares of common stock at $0 per share, increasing his direct holdings to 5,130 shares.

On January 31, 2026, 159 shares were withheld at $148.91 per share to cover tax withholding obligations, as noted in the footnote. After this tax-related withholding, Miller directly owned 4,971 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^*

Miller Matthew

(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 Safety & Operations

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	5,130	D
Common Stock	01/31/2026		F		159(1)	D	$148.91	4,971	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 Matthew Miller report at Landstar (LSTR)?

Matthew Miller reported receiving 1,678 Landstar common shares on January 30, 2026, at $0 per share, then having 159 shares withheld on January 31, 2026, at $148.91 per share for taxes, ending with 4,971 directly owned shares.

How many Landstar (LSTR) shares does Matthew Miller own after this Form 4?

After the reported transactions, Matthew Miller directly owns 4,971 shares of Landstar common stock. This reflects an initial increase to 5,130 shares from a 1,678-share award, followed by 159 shares withheld to satisfy tax withholding obligations.

Why were 159 Landstar (LSTR) shares withheld from Matthew Miller?

The 159 Landstar shares were withheld to pay tax withholding obligations. The Form 4 footnote explains that these shares were not open-market sales but were retained by the company to satisfy Miller’s tax liability on the stock award.

What was the price used for tax withholding shares in the Landstar (LSTR) Form 4?

The tax withholding shares were valued at $148.91 per share. On January 31, 2026, 159 Landstar common shares were withheld at this price to cover Matthew Miller’s tax obligations associated with his equity compensation.

Did Matthew Miller pay for the 1,678 Landstar (LSTR) shares he acquired?

The 1,678 Landstar shares reported as acquired were recorded at $0 per share. This indicates they were likely granted as equity compensation rather than purchased in the market, increasing Miller’s direct holdings before tax-related share withholding.

Is Matthew Miller’s Landstar (LSTR) Form 4 a routine compensation event?

The filing appears consistent with routine equity compensation. Miller received 1,678 shares at $0 per share and had 159 shares withheld to cover tax obligations, a common pattern for stock awards processed with share-based tax settlement.