Form 4: Landstar System Inc. Director Dr. Homaira Akbari Reports Acquisition and Disposal of Common Stock
SEC Form 4
Dr. Homaira Akbari, a director of Landstar System Inc., reported acquiring 830 shares of common stock and disposing of 2,500 shares held indirectly through a defined benefit plan.
Summary
- On May 8, 2024, Dr. Homaira Akbari, a director of Landstar System Inc. (LSTR), reported changes in beneficial ownership of the company's common stock.
- Dr. Akbari acquired 830 shares of common stock.
- The director also disposed of 2,500 shares held indirectly through a defined benefit plan.
- Following these transactions, Dr. Akbari directly owns 12,106 shares of Landstar System Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. These filings allow investors to monitor the buying and selling activities of individuals with access to non-public information, providing insights into their perspectives on the company's prospects.
Stakeholder Impact
- Shareholders can use this information to understand the trading behavior of a company insider.
- The filing provides transparency regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the transaction involving the acquisition and disposal of common stock. |
| 05/09/2024 | Date of signature for the report. |
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