Todd James P 4

What Happened
Todd James P, Vice President and Chief Financial Officer of Landstar System, received an award of 1,678 shares on 2026-01-30 (acquired at $0.00 as a grant). On 2026-01-31, 519 of those shares were withheld to satisfy tax withholding obligations at $148.91 per share, resulting in proceeds of $77,284 (disposition code F).

Key Details

• Transaction dates: 2026-01-30 (award, code A) and 2026-01-31 (shares withheld for tax, code F).
• Award: 1,678 shares granted at $0.00.
• Withholding: 519 shares withheld at $148.91/share for taxes, netting $77,284. (Footnote F1: shares withheld to pay tax withholding obligations.)
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-03 (appears to be timely relative to the reported transaction dates).

Context
This was an equity award (grant) with a standard net-share settlement to cover tax liabilities—common practice that reduces the number of shares delivered rather than an open-market sale. Tax-withholding disposals (code F) generally reflect payroll/tax processing, not a discretionary cash sale by the insider.