Landstar (LSTR) Director Homaira Akbari Receives 825-Share Award

What Happened

• Dr. Homaira Akbari, a director of Landstar System, Inc. (LSTR), received an award of 825 shares on May 6, 2026. The filing reports an acquisition price of $0.00 per share (code A — award/grant), so the reported cash value for the grant is $0 in the Form 4.
• This transaction is an equity award (not an open-market purchase or sale) and typically reflects compensation or a director grant rather than a discretionary buy or sell.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (appears timely, filed two days after the transaction).
• Transaction type/code: Award/Grant (A); shares acquired: 825; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: 2,500 shares previously held in a Defined Benefit Plan for Dr. Akbari were transferred into a traditional IRA account solely in her name.
• No sale, tax-withholding, or 10b5-1 plan was indicated in this filing.

Context

• Awards of shares to directors are commonly part of compensation and do not necessarily signal a personal market view. The transfer of 2,500 shares to an IRA is an account change, not a sale.