Landstar (LSTR) VP William C. Clement Receives 4,924-Share Award

What Happened

• William C. Clement, Vice President and Chief Commercial Officer of Landstar System, Inc. (LSTR), was granted 4,924 shares on August 1, 2026. The reported acquisition price is $0.00, indicating the shares were issued as an award or grant (likely restricted stock or RSUs) rather than a market purchase.

Key Details

• Transaction date: 2026-08-01
• Transaction type/code: A — Grant/Award/Other acquisition
• Shares acquired: 4,924
• Price per share: $0.00 (no cash paid)
• Total reported value: $0 (per Form 4 reporting convention for awards)
• Filing date / accession: Form 4 filed 2026-08-04 (Accession 0000853816-26-000062). The filing shows the report date and filing date but does not indicate any late‑filing code in the provided summary.
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes/notable items: None provided in the summary; awards of this type are commonly subject to vesting and transfer restrictions.

Context

• Grants and awards (A) typically reflect compensation rather than a market directional bet by the insider. They often come with vesting schedules and restrictions, so they do not necessarily signal immediate buying or selling intent.
• Because the reported price is $0.00, this was an issued award rather than a purchased position. Retail investors should view this as part of executive compensation unless further details (vesting, sale of shares) are disclosed later.