Dannegger Matthew M 4

What Happened

• Matthew M. Dannegger, Chief Field Sales Officer of Landstar System, Inc., received an equity award of 1,175 shares on 2026-01-30 (transaction code A). The award was issued at $0.00 per share (no cash purchase).
• On 2026-01-31, 357 of those shares were disposed/withheld to satisfy tax withholding obligations at $148.91 per share, generating a withholding amount of $53,161 (transaction code F). Net shares retained from the award: 818 shares (1,175 awarded − 357 withheld).
• This pattern is a routine post-award tax withholding rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-01-30: Award of 1,175 shares @ $0.00 (acquisition)
  • 2026-01-31: 357 shares withheld @ $148.91 (disposed) = $53,161
• Footnote: F1 — Represents shares withheld to pay tax withholding obligations.
• Shares owned after transaction: not specified in the provided filing.
• Filing: Report accession dated 2026-02-03 for transactions on 2026-01-30/31; filing timeliness not indicated in the provided data.

Context

• This was an equity award followed by routine tax withholding (a common practice when companies issue restricted stock or similar awards). The withholding is not necessarily a market-driven sale and does not alone indicate insider sentiment.
• Transaction codes: A = award/grant (acquisition); F = shares withheld to cover taxes (disposition).