Director BANNISTER DAVID G/ sold 10,000 shares of LSTR at blended $176.68, reducing holdings 28.9% to 24.6K shares
Director David G. Bannister executed 2 separate sales totaling 10,000 shares for $1,766,836.50, reducing his stake from 34,645 shares to 24,645 shares—a 28.9% reduction in holdings. The sales occurred at $176.37 on 2024-11-01 and $177.00 on 2024-11-04, near the lower end of the 52-week range of $165.77–$198.87 and 9.1% below the 52-week high of $198.87. Landstar's fundamentals show significant headwinds: annual revenue contracted 28.7% year-over-year despite latest-quarter revenue of $1,213,867,000.00, and the stock trades at a P/E of 30.74 while generating net income of $50,033,000.00. The substantial reduction in director holdings warrants attention in the context of operational deterioration, though the sale occurred at prices modestly above the stock's 52-week low.