Form 4: Landstar System Inc. Executive James P. Todd Reports Stock Transactions
SEC Form 4 Filing
VP and CFO James P. Todd reports acquisition of 1,512 shares and disposition of 432 shares of Landstar System Inc. common stock on January 31, 2025.
Summary
- On January 31, 2025, James P. Todd, VP and CFO of Landstar System Inc., acquired 1,512 shares of common stock.
- On the same day, Todd disposed of 432 shares of common stock at a price of $165.27.
- Following these transactions, Todd directly owns 15,163 shares of Landstar System Inc.
- The disposition of shares was to cover tax withholding obligations.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of stock acquisition and disposition. |
| 02/04/2025 | Date of signature on the report. |
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