Equity grants boost Landstar (LSTR) CHRO Terri Lewis’s direct share holdings

Rhea-AI Filing Summary

Lewis Terri M reported acquisition or exercise transactions in this Form 4 filing.

LANDSTAR SYSTEM INC reported that Chief Human Resources Officer Terri M. Lewis received equity awards of company common stock. On this date, she was granted 1,169 shares of common stock, followed by an additional grant of 3,342 shares, both at a grant price of $0.00 per share. After these awards, her directly held common stock position increased to 4,511 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^*

Lewis Terri 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 Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		A		1,169	A	$0	1,169	D
Common Stock	02/23/2026		A		3,342	A	$0	4,511	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:

	/s/ Lauren W. Mapanoo, attorney-in-fact	02/25/2026
	** 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 did LANDSTAR SYSTEM INC (LSTR) disclose in this insider filing?

LANDSTAR SYSTEM INC disclosed that Chief Human Resources Officer Terri M. Lewis received grants of company common stock. These equity awards increased her directly held ownership and were reported as acquisitions under transaction code A for grant, award, or other acquisition.

How many LANDSTAR SYSTEM INC (LSTR) shares were granted to Terri M. Lewis?

Terri M. Lewis received two grants totaling 4,511 LANDSTAR SYSTEM INC common shares. One award covered 1,169 shares and another covered 3,342 shares, both classified as grant or award acquisitions of non-derivative common stock directly held in her name.

At what price were the LANDSTAR SYSTEM INC (LSTR) shares granted in this filing?

Both grants of LANDSTAR SYSTEM INC common stock to Terri M. Lewis were reported at a transaction price per share of $0.00. This reflects that they were equity compensation awards, not open-market purchases, and were categorized as grant or award acquisitions.

What is Terri M. Lewis’s LANDSTAR SYSTEM INC (LSTR) share ownership after these grants?

Following the reported equity awards, Terri M. Lewis directly owns 4,511 shares of LANDSTAR SYSTEM INC common stock. The first transaction left her with 1,169 shares, and the second increased her directly held position to a total of 4,511 shares.

What does transaction code A mean in the LANDSTAR SYSTEM INC (LSTR) Form 4?

Transaction code A in this LANDSTAR SYSTEM INC Form 4 indicates a grant, award, or other acquisition of securities. Here, both entries labeled A represent non-derivative common stock granted as equity awards to Chief Human Resources Officer Terri M. Lewis.