Joseph J. Beacom - Oct 22, 2021 Form 4 Insider Report for LANDSTAR SYSTEM INC (LSTR)

Role: VP, CSO, COO
Signature: /s/ James P. Todd, attorney-in-fact
Stock symbol: LSTR
Transactions as of: Oct 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/26/2021, 04:05 PM
Next filing: Feb 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSTR	Common Stock	Gift	$0	-30K	-77.53%	$0.00	8.7K	Oct 22, 2021	Direct
holding	LSTR	Common Stock						30K	Oct 22, 2021	By Irrevocable Trust for Amy Beacom, Trustee	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 22, 2021, the reporting person transferred 30,000 shares of Common Stock to a family trust for the benefit of the reporting person's spouse, who is the trustee of the trust. Following the transaction, the reporting person continues to have beneficial ownership over the shares transferred. The reporting person's adult, independent children may become beneficiaries of the trust upon the death of the reporting person's spouse, which shifts the reporting person's pecuniary interest.

Content

On October 22, 2021, the reporting person transferred 30,000 shares of Common Stock to a family trust for the benefit of the reporting person's spouse, who is the trustee of the trust. Following the transaction, the reporting person continues to have beneficial ownership over the shares transferred. The reporting person's adult, independent children may become beneficiaries of the trust upon the death of the reporting person's spouse, which shifts the reporting person's pecuniary interest.