Landstar CEO Frank Lonegro Buys $714,619 of Stock
Landstar System President and CEO Frank Lonegro bought $714,619 of the trucking and logistics company's stock last week, an open-market purchase disclosed in a Form 4 filing Monday.
Lonegro bought 5,000 shares on Oct. 30 at a weighted average price of $142.9238, according to the filing. The individual purchases were made at prices from $141.04 to $144.28.
After the purchase, he directly owns 28,110 Landstar shares, the Form 4 shows.
Why it stands out
Open-market purchases by a sitting CEO are less common than insider sales, which often come from planned selling programs or tax withholding on stock awards. This filing reports a straight purchase, coded "P," with no sales.
The buy came after Landstar reported its third-quarter results last week.
By the numbers
- 5,000 shares bought on Oct. 30
- $142.9238 weighted average price
- $714,619 total purchase value
- 28,110 shares owned directly afterward
Sources
- Landstar System Form 4 filed by Frank Lonegro, filed Nov. 2, 2026 (accession 0000853816-26-000069)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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