Kneller Michael K 4

What Happened

• Michael K. Kneller, Vice President, General Counsel & Secretary of Landstar System, received an award of 1,678 shares on 2026-01-30 (reported as acquisition code A at $0.00). The next day, 365 shares were withheld (disposition code F) at $148.91 per share to satisfy tax withholding obligations, equal to $54,352. The grant is a company award (likely restricted stock/RSUs), not an open-market purchase or a decision to sell shares for investment reasons.

Key Details

• Transaction dates & amounts:
  • 2026-01-30: Award/acquisition of 1,678 shares @ $0.00 (code A).
  • 2026-01-31: 365 shares withheld/disposed @ $148.91 to cover taxes (code F) — $54,352.
• Footnote: F1 states the 365 shares were withheld to pay tax withholding obligations.
• Shares owned after the transaction: not specified in the provided filing excerpt (see the full Form 4 for total beneficial ownership).
• Filing: Form 4 filed 2026-02-03 (reported period: 2026-01-30). Investors should review the full filing for any timeliness coding or additional notes.

Context

• The 365-share disposition was a tax-withholding event (common when RSUs vest) and should not be interpreted the same as an open-market sale — it’s an administrative step that reduces the net shares the insider receives. The award acquisition at $0.00 reflects a grant rather than a purchased position.