Landstar System President Frank Lonegro Buys $714,619 of Stock

Landstar System Inc. President and Chief Executive Frank A. Lonegro bought 5,000 shares of the company's stock (Nasdaq: LSTR) on Oct. 30, 2026, for a total of $714,619, according to a Form 4 filing showed Monday with the Securities and Exchange Commission.

The shares were bought at $142.9238 each, and Lonegro held 28,110 shares directly after the transaction. The trade was not made under a pre-arranged trading plan, the filing shows.

Stock move

Landstar shares closed at $142.70 on Oct. 30, after falling 17.7% over the preceding 20 sessions. On Monday, Nov. 2, the stock rose 3.4% to close at $147.53, while the S&P 500 ETF fell 0.5% in the same session.

Company results

Landstar reported revenue of $1.51 billion for the quarter ended Sept. 26, up 25% from a year earlier, and net income of $48.0 million, up 148%. Diluted earnings per share were $1.42, compared with $0.56 a year earlier. The company reported cash and investments of $351.0 million as of that date.

The company's quarterly results were disclosed in an 8-K filing on Oct. 27, and a 10-Q followed on Oct. 28.