BANNISTER DAVID G/ 4

What Happened

• David G. Bannister, a director of Landstar System, Inc. (LSTR), was granted 825 shares on May 6, 2026. The grant is reported as an award/acquisition (transaction code A) at $0.00 per share, so no cash was exchanged and the reported value is $0 on acquisition.

Key Details

• Transaction date: May 6, 2026; Filing date: May 8, 2026 (Form 4 accession 0000853816-26-000041).
• Transaction type/code: Award/Grant (A); price reported $0.00; 825 shares acquired.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes/conditions: none provided in the summary data; vesting schedule or restrictions (if any) are not detailed here.
• Timeliness: Form 4 was filed two days after the transaction date, which generally aligns with the standard 2-business-day filing window.

Context

• Grants reported as $0 awards are typically compensation (restricted stock, RSUs, or similar) and may be subject to vesting, forfeiture, or tax-withholding rules — they do not necessarily indicate an immediate market purchase or sale by the insider. For retail investors, purchases can be a stronger immediate bullish signal; awards mainly reflect company compensation practices.