Was the Landstar System (LSTR) transaction an open-market buy or a share grant?

The transaction was a share grant, not an open-market buy. The Form 4 uses transaction code A, described as a grant, award, or other acquisition, with a reported price of $0.0000 per share, indicating compensation rather than a market purchase.

Landstar director granted 825 shares of stock

BANNISTER DAVID G/ reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

BANNISTER DAVID G/ reported acquisition or exercise transactions in this Form 4 filing.

LANDSTAR SYSTEM INC director David G. Bannister reported receiving a grant of 825 shares of Common Stock on May 6, 2026. The shares were awarded at a stated price of $0.0000 per share, reflecting a compensation-related grant rather than an open-market purchase. Following this award, he directly owns 26,513 shares.

Insider Trade Summary

Grant/Award: 825 shares

Grant/Award 1 txn

Insider BANNISTER DAVID G/

Role Director

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

Holdings After Transaction: Common Stock — 26,513 shares (Direct)

Key Figures

Shares granted: 825 shares Total direct holdings after transaction: 26,513 shares Grant price per share: $0.0000 per share +1 more

4 metrics

Shares granted 825 shares Common Stock grant on May 6, 2026

Total direct holdings after transaction 26,513 shares Common Stock directly owned following grant

Grant price per share $0.0000 per share Stated price for awarded Common Stock

Number of acquisition transactions 1 transaction Form 4 transaction summary acquisition count

Key Terms

Form 4, Common Stock, Grant, award, or other acquisition, non-derivative

4 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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.

Grant, award, or other acquisition financial

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

non-derivative financial

"transaction_type: "non-derivative""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Landstar System (LSTR) director David G. Bannister report in this Form 4?

David G. Bannister reported receiving a grant of 825 shares of Landstar System Common Stock. The shares were awarded on May 6, 2026 as a compensation-related acquisition at no stated purchase price, increasing his directly held position reported in the filing.

How many Landstar System (LSTR) shares does David G. Bannister hold after the reported grant?

After the reported grant, David G. Bannister directly holds 26,513 shares of Landstar System Common Stock. This total reflects his position following the 825-share award disclosed, providing context for the scale of the compensation-related acquisition.

What type of security did David G. Bannister acquire from Landstar System (LSTR)?

He acquired Common Stock of Landstar System. The Form 4 shows a non-derivative transaction in Common Stock, reflecting a direct equity award rather than options or other derivative securities in this particular filing entry.

Does the Landstar System (LSTR) Form 4 show any stock sales by David G. Bannister?

The Form 4 excerpt shows no stock sales by David G. Bannister. It reports a single acquisition transaction coded A for 825 shares, with the transaction summary indicating one acquisition entry and no sell, gift, or tax-withholding transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 07:56 AM EDT

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^*

BANNISTER DAVID G/

(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	26,513	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