Miller Matthew 4

What Happened

• Matthew Miller, Chief Safety & Operations at Landstar System, received an award of 1,678 shares on 2026-01-30 (reported on Form 4). The award is reported at $0.00 (grant). On 2026-01-31, 159 shares were withheld to cover tax withholding obligations at $148.91 per share, for a withholding amount of $23,677. Net shares retained by Miller after withholding: 1,519 shares.
• This was an equity award (not an open-market purchase or sale). The withholding is a routine tax-related disposition and not an outright sale for investment purposes.

Key Details

• Transactions: 2026-01-30 — Award/Acquisition (A) 1,678 shares @ $0.00; 2026-01-31 — Tax withholding (F) 159 shares @ $148.91 (disposed) = $23,677.
• Net shares received: 1,678 granted less 159 withheld = 1,519 shares retained.
• Implied gross value using the withholding price (~$148.91) is about $249,900; net retained value is roughly $226,200 (these are estimates based on the per-share price used for withholding).
• Footnote: F1 indicates shares were withheld to pay tax withholding obligations (cashless withholding).
• Filing: Form 4 filed 2026-02-03. The filing appears timely relative to the reported transaction dates.

Context

• This appears to be a routine equity award (likely RSUs or a similar grant) with standard tax withholding; such withholdings are common and do not necessarily signal the insider's view on the stock.
• No open-market purchases or sales by the insider were reported in this filing beyond the tax-withholding disposition.