Landstar (LSTR) CFO gets 1,678-share award, 519 shares withheld for taxes

Rhea-AI Filing Summary

Landstar System VP and CFO Todd James reports routine equity transactions. On January 30, 2026, he acquired 1,678 shares of common stock at $0, likely a stock award. On January 31, 2026, 519 shares were withheld at $148.91 per share to cover tax obligations, leaving him with 16,322 directly held shares.

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^*

Todd James P

(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)
	VP and CFO

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	16,841	D
Common Stock	01/31/2026		F		519(1)	D	$148.91	16,322	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).
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FAQ

What insider transactions did LSTR VP and CFO Todd James report?

Todd James reported two transactions in Landstar System common stock. He acquired 1,678 shares on January 30, 2026 at $0, and on January 31, 2026 had 519 shares withheld at $148.91 each to satisfy tax withholding obligations.

How many LSTR shares does the CFO own after the reported transactions?

After the reported activity, VP and CFO Todd James directly owns 16,322 shares of Landstar System common stock. This figure comes from the Form 4’s post-transaction holdings column following the tax withholding event on January 31, 2026.

Why were 519 LSTR shares withheld from the CFO’s holdings?

The Form 4 explains that 519 shares of Landstar System stock were withheld to pay tax withholding obligations. This is a common practice when stock awards vest and helps cover the executive’s tax liability associated with the equity compensation.

What does the acquisition of 1,678 LSTR shares at $0 indicate?

The acquisition of 1,678 shares at $0 on January 30, 2026 indicates a stock-based award or similar compensation grant to the CFO. No cash was paid per share, reflecting equity compensation rather than an open-market purchase.

Are the reported LSTR insider transactions direct or indirect holdings?

Both reported transactions involve direct ownership of Landstar System common stock by the CFO. The Form 4 lists the ownership form as “D” for Direct, and no indirect entities or special ownership structures are noted in the filing.

Does the Form 4 indicate any sale of LSTR shares by the CFO on the market?

The Form 4 does not show an open-market sale. Instead, it reports a tax withholding transaction where 519 shares were withheld at $148.91 per share to satisfy tax obligations tied to the equity award.