Form 4: Landstar System Inc. CEO Reports Stock Transactions
SEC Form 4
Frank A. Lonegro, President & CEO of Landstar System Inc., reports acquisition and disposal of common stock due to tax obligations.
Summary
- On January 31, 2025, Frank A. Lonegro acquired 6,050 shares of Landstar System Inc. common stock.
- Also on January 31, 2025, 454 shares were disposed of at a price of $165.27 to cover tax withholding obligations, resulting in 21,487 shares beneficially owned.
- On February 2, 2025, an additional 2,085 shares were disposed of at $165.27 for tax obligations, leaving 19,402 shares owned.
- The report was filed on February 4, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to tax obligations, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Acquisition of 6,050 shares and disposal of 454 shares of common stock. |
| 02/02/2025 | Disposal of 2,085 shares of common stock. |
| 02/04/2025 | Date of Form 4 filing. |
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