Form 4: Landstar System Inc. Executive Joseph J. Beacom Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Joseph J. Beacom, President of Landstar System Holdings Inc., reports a transaction involving common stock, including shares withheld to cover tax obligations.
Summary
- On January 31, 2025, Joseph J. Beacom, President of Landstar System Holdings Inc., engaged in a transaction involving Landstar System Inc. common stock.
- 393 shares were disposed of to cover tax withholding obligations at a price of $165.27 per share.
- Following the transaction, Beacom directly owns 20,442 shares of common stock.
- Beacom also indirectly owns 20,000 shares through an irrevocable trust for Amy Beacom, Trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the actions of company executives and their potential impact on the stock's performance.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction involving common stock. |
| 02/18/2025 | Date of signature for the report. |
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