Was the Melanie M. Hart share grant in LSTR an open-market purchase or compensation award?

The 825-share transaction for Melanie M. Hart was a compensation-related grant, not an open-market purchase. It is coded as a grant, award, or other acquisition with a per-share transaction price of $0.0000, reflecting an equity award rather than a cash purchase.

Landstar System (NASDAQ: LSTR) director awarded 825 shares of stock

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HART MELANIE M reported acquisition or exercise transactions in this Form 4 filing.

LANDSTAR SYSTEM INC director Melanie M. Hart received a grant of 825 shares of Common Stock on May 6, 2026 as equity compensation. The shares were awarded at no cash cost, and her directly owned holdings increased to 1,470 shares following this grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HART MELANIE M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	825	$0.00	--

Holdings After Transaction: Common Stock — 1,470 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 825 shares Price per share: $0.0000 per share Shares held after grant: 1,470 shares

3 metrics

Shares granted 825 shares Equity grant on May 6, 2026

Price per share $0.0000 per share Grant, award, or other acquisition

Shares held after grant 1,470 shares Direct ownership following transaction

Key Terms

Grant, award, or other acquisition, Common Stock, non-derivative, direct ownership

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

non-derivative financial

"transaction_type: "non-derivative""

direct ownership financial

"ownership_type: "direct""

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 07:59 AM

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^*

HART MELANIE M

(Last)

(First)

(Middle)

13410 SUTTON PARK DRIVE SOUTH

(Street)

JACKSONVILLE

FLORIDA

32224

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		A		825	A	$0	1,470	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/ Lauren W. Mapanoo, attorney-in-fact	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LANDSTAR SYSTEM INC (LSTR) disclose for Melanie M. Hart?

LANDSTAR SYSTEM INC reported that director Melanie M. Hart received a grant of 825 shares of Common Stock. The award was classified as a non-derivative grant or other acquisition, increasing her directly owned stake to 1,470 shares after the transaction.

How many LANDSTAR SYSTEM INC shares does Melanie M. Hart hold after this Form 4?

After receiving the 825-share grant, Melanie M. Hart directly holds 1,470 shares of LANDSTAR SYSTEM INC Common Stock. This figure reflects her ownership immediately following the reported equity award and helps show the scale of her stake in the company.

What does transaction code "A" mean in the LSTR filing for Melanie M. Hart?

In this filing, transaction code "A" indicates a grant, award, or other acquisition of securities. For Melanie M. Hart, it reflects an 825-share equity award of Common Stock, characterized as a non-derivative, compensation-type transaction rather than a market trade.

Is Melanie M. Hart’s LANDSTAR SYSTEM INC transaction a buy or sell signal for investors?

The reported transaction is a routine equity grant, not a market buy or sell. Code "A" shows a compensation-related award of 825 shares, which increased her direct holdings to 1,470 shares, and does not represent an open-market trading decision.