Landstar System, Inc. (NASDAQ:LSTR), watched one of it’s highest level insiders lower his exposure to the company through a transaction that began July 15th and was filed today. President and Chief Financial Officer James B. Gattoni disposed of 1,259 shares of common stock at an average price of $64.46 per share. Following the completion of this transaction, Gattoni now has 47,236 shares directly invested in the company. This is not Gattoni’s first move this year, as back in February he went the other direction, and purchased over 16,000 shares.
A $2.88 billion market cap corporation, Landstar System, Inc. (NASDAQ:LSTR) is a non-asset based provider of freight transportation services and supply chain solutions that offers services to its customers across multiple transportation modes. The Company’s services are delivered through a network of independent commission sales agents and third party capacity providers linked together by a series of information technology systems, which are provided and coordinated by the Company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.