Landstar System Inc. DEF 14A: Executive Compensation Details

Ticker: LSTR · Form: DEF 14A · Filed: 2025-04-04T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, equity-awards

Related Tickers: LSTR

TL;DR

Landstar's DEF 14A is out, detailing exec pay and equity awards for FY23.

AI Summary

Landstar System Inc. filed its DEF 14A on April 4, 2025, for the fiscal year ending December 30, 2023. The filing details executive compensation, including equity awards granted to members like Mr. Lonegro and Mr. Gattoni. It also reports on the change in fair value of outstanding equity awards and adjustments made to these awards.

Why It Matters

This filing provides transparency into how Landstar System Inc. compensates its top executives, which can influence investor decisions and corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) primarily detailing executive compensation and corporate governance, with no immediate red flags.

Key Numbers

2023-12-31 — Fiscal Year End (The period for which compensation details are reported.)
20250404 — Filing Date (The date the DEF 14A was submitted to the SEC.)

Key Players & Entities

Landstar System Inc. (company) — Filer of the DEF 14A
Mr. Lonegro (person) — Executive mentioned in relation to equity awards
Mr. Gattoni (person) — Executive mentioned in relation to equity awards

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit proxies from shareholders for their annual meeting and to provide detailed information on executive compensation, director nominations, and other corporate governance matters.

Who are the key individuals mentioned in relation to equity awards?

The filing mentions individuals such as Mr. Lonegro and Mr. Gattoni in the context of equity awards granted and their fair values.

What fiscal year does this DEF 14A filing primarily cover?

This DEF 14A filing primarily covers the fiscal year ending December 30, 2023, with some data points extending to the fiscal year ending December 28, 2024.

What specific financial metrics related to equity awards are detailed?

The filing details metrics such as the year-end reported value of equity awards, changes in the fair value of outstanding equity awards, and adjustments to these awards.

When was this DEF 14A filed with the SEC?

This DEF 14A filing was filed with the SEC on April 4, 2025.

From the Filing

0001193125-25-072935.txt : 20250404 0001193125-25-072935.hdr.sgml : 20250404 20250404090516 ACCESSION NUMBER: 0001193125-25-072935 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 25 CONFORMED PERIOD OF REPORT: 20250516 FILED AS OF DATE: 20250404 DATE AS OF CHANGE: 20250404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LANDSTAR SYSTEM INC CENTRAL INDEX KEY: 0000853816 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] ORGANIZATION NAME: 01 Energy & Transportation EIN: 061313069 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-21238 FILM NUMBER: 25812189 BUSINESS ADDRESS: STREET 1: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 BUSINESS PHONE: 9043989400 MAIL ADDRESS: STREET 1: LANDSTAR SYSTEM INC STREET 2: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 DEF 14A 1 d786093ddef14a.htm DEF 14A DEF 14A DEF 14A false 0000853816 0000853816 2023-12-31 2024-12-28 0000853816 2020-12-27 2021-12-25 0000853816 2019-12-29 2020-12-26 0000853816 2023-01-01 2023-12-30 0000853816 2021-12-26 2022-12-31 0000853816 lstr:MrLonegroMember 2023-12-31 2024-12-28 0000853816 lstr:MrGattoniMember 2023-12-31 2024-12-28 0000853816 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000853816 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000853816 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000853816 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000853816 lstr:AverageReportedValueOfEquityAwardsMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000853816 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember lstr:MrGattoniMember 2023-12-31 2024-12-28 0000853816 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember lstr:MrGattoniMember 2023-12-31 2024-12-28 0000853816 ecd:EqtyAwrdsAdjsMember ecd:PeoMember lstr:MrGattoniMember 2023-12-31 2024-12-28 0000853816 lstr:ReportedValueOfEquityAwardsMember ecd:PeoMember lstr:MrLonegroMember 2023-12-31 2024-12-28 0000853816 ecd:EqtyAwrdsAdjsMember ecd:PeoMember lstr:MrLonegroMember 2023-12-31 2024-12-28 0000853816 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember lstr:MrLonegroMember 2023-12-31 2024-12-28 0000853816 1 2023-12-31 2024-12-28 0000853816 2 2023-12-31 2024-12-28 0000853816 3 2023-12-31 2024-12-28 0000853816 4 2023-12-31 2024-12-28 0000853816 lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2023-01-01 2023-12-30 0000853816 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-30 0000853816 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-01-01 2023-12-30 0000853816 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-30 0000853816 lstr:AverageReportedValueOfEquityAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-30 0000853816 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 ecd:EqtyAwrdsAdjsMember ecd:PeoMember lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 lstr:ReportedValueOfEquityAwardsMember ecd:PeoMember lstr:MrGattoniMember 2023-01-01 2023-12-30 0000853816 lstr:MrGattoniMember 2021-12-26 2022-12-31 0000853816 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2021-12-26 2022-12-31 0000853816 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2021-12-26 2022-12-31