Lonegro Frank A 4

What Happened

• Frank A. Lonegro, President & CEO and a director of Landstar System, received a grant/award of 6,715 shares on 2026-01-30 (reported acquisition at $0). Following the award, 3,007 of those shares were withheld to satisfy tax withholding obligations: 922 shares on 2026-01-31 (disposed at $148.91, value $137,295) and 2,085 shares on 2026-02-02 (disposed at $154.55, value $322,237). Total value of shares withheld ≈ $459,532. This was an award plus routine tax-withholding dispositions, not an open-market sale.

Key Details

• Transaction dates & prices:
  • 2026-01-30: Award of 6,715 shares (A) — acquisition reported at $0.
  • 2026-01-31: 922 shares withheld (F) at $148.91 — $137,295.
  • 2026-02-02: 2,085 shares withheld (F) at $154.55 — $322,237.
• Net shares retained from the grant: 6,715 − 3,007 = 3,708 shares. The filing does not disclose Lonegro’s total shares owned after these transactions.
• Footnote: F1 indicates shares were withheld to pay tax withholding obligations (routine).
• Filing: Reported on 2026-02-03 covering transactions through 2026-02-02; the filing appears timely relative to Form 4 reporting rules.

Context

• This was a stock award with a portion of shares withheld to satisfy tax obligations — a common, administrative occurrence that does not necessarily reflect a change in the insider’s view of the company. The disposals coded “F” are tax-withholding actions rather than open-market sales. Purchases or open-market sales typically carry stronger signals for investor sentiment than routine withholding of award shares.