1 unchanged sentence
Purchases of Equity Securities by the Company
−Removed: The following table provides information regarding the Company’s purchase of its Common Stock during the period from June 30, 2024 to September 28, 2024, the Company’s third fiscal quarter:
+Added: The following table provides information regarding the Company’s purchase of its common stock during the period from December 29, 2024 to March 29, 2025, the Company’s first fiscal quarter:
Fiscal Period
10 unchanged sentences
Be Purchased Under
−Removed: June 29, 2024
−Removed: June 30, 2024 – July 27, 2024
−Removed: July 28, 2024 – August 24, 2024
−Removed: August 25, 2024 – September 28, 2024
+Added: December 28, 2024
+Added: 29, 2024 – Jan.
+Added: 26, 2025 – Feb.
+Added: 23, 2025 – Mar.
The average price paid per share does not include the 1% excise tax on net stock repurchases, as applicable.
1 unchanged sentence
Board of Directors authorized the Company to purchase up to 1,912,824 shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
+Added: This program was completed during the 2025 first fiscal quarter.
On December 6, 2022, the Landstar System, Inc.
2 unchanged sentences
Board of Directors authorized the Company to purchase up to 319,332 additional shares of its common stock from time to time in the open market and in privately negotiated transactions under its share purchase program.
−Removed: As of September 28, 2024, the Company had authorization to purchase in the aggregate up to 2,563,081 shares of its common stock under these programs.
−Removed: No specific expiration date has been assigned to the December 7, 2021, December 6, 2022 or December 4, 2023 authorizations.
+Added: As of March 29, 2025, the Company had authorization to purchase in the aggregate up to 2,161,663 shares of its common stock under these programs.
+Added: No specific expiration date has been assigned to the December 6, 2022 or December 4, 2023 authorizations.
Landstar entered into the Second Amended and Restated Credit Agreement, dated July 1, 2022, with a bank syndicate led by JPMorgan Chase Bank, N.A., as administrative agent (as further amended as of June 21, 2024, the “Credit Agreement”).
5 unchanged sentences
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.