5 unchanged sentences
Purchases of Equity Securities by the Company
−Removed: The Company did not purchase any shares of its Common Stock during the period from September 27, 2020 to December 26, 2020, the Company’s fourth fiscal quarter.
+Added: The following table provides information regarding the Company’s purchase of its common stock during the period from September 26, 2021 to December 25, 2021, the Company’s fourth fiscal quarter:
+Added: Fiscal Period
+Added: Total Number of
+Added: Shares Purchased
+Added: Average Price
+Added: Paid Per Share
+Added: Total Number of Shares
+Added: Purchased as Part of
+Added: Publicly Announced
+Added: Maximum Number of
+Added: Shares That May Yet Be
+Added: Purchased Under the
+Added: September 26, 2021
+Added: 27, 2021 – Oct.
+Added: 24, 2021 – Nov.
+Added: 21, 2021 – Dec.
On December 7, 2021, the Landstar System, Inc.
+Added: Board of Directors authorized the Company to purchase up to 1,912,824 additional shares of the Company’s Common Stock from time to time in the open market and in privately negotiated transactions.
+Added: On December 9, 2019, the Landstar System, Inc.
Board of Directors authorized the Company to purchase up to 1,849,068 shares of the Company’s Common Stock from time to time in the open market and in privately negotiated transactions.
−Removed: As of December 26, 2020, the Company had authorization to purchase in the aggregate up to 1,821,030 shares of its Common Stock under this program.
−Removed: No specific expiration date has been assigned to the December 9, 2019 authorization.
+Added: As of December 25, 2021, the Company had authorization to purchase in the aggregate up to 3,000,000 shares of its Common Stock under these programs.
+Added: No specific expiration date has been assigned to the December 7, 2021 or December 9, 2019 authorizations.
Equity Compensation Plan Information
−Removed: The Company maintains a stock compensation plan for members of its Board of Directors and two employee equity incentive plans.
+Added: The Company maintains a stock compensation plan for members of its Board of Directors, the 2013 Directors Stock Compensation Plan (the “2013 DSCP”), and an employee equity incentive plan, the 2011 Equity Incentive Plan (the “2011 EIP”).
The following table presents information related to securities authorized for issuance under these plans at December 25, 2021:
12 unchanged sentences
Equity Compensation Plans Not Approved by Security Holders
−Removed: Under the 2011 Equity Incentive Plan (the “2011 EIP”), the issuance of (i) a non-vested
+Added: Under the 2011 EIP, the issuance of (i) a non-vested
share of Landstar Common Stock issued in the form of restricted stock and (ii) a share of Landstar Common Stock issued upon the vesting of a previously granted restricted stock unit each counts as the issuance of two securities against the number of securities available for future issuance.
−Removed: Included in the number of securities remaining available for future issuance under equity compensation plans were 60,586 shares of Common Stock reserved for issuance under the 2013 Directors’ Stock Compensation Plan.
+Added: Included in the number of securities remaining available for future issuance under equity compensation plans were 56,782 shares of Common Stock reserved for issuance under the 2013 DSCP.
Financial Model Shareholder Returns
The following graph illustrates the return that would have been realized, assuming reinvestment of dividends, by an investor who invested $100 in each of the Company’s Common Stock, the Standard and Poor’s 500 Stock Index and the Dow Jones Transportation Stock Index for the period commencing December 31, 2016 through December 25, 2021.
−Removed: Selected Financial Data
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.