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Landstar System Executive Compensation (FY25)

LSTR · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Landstar System

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Data as of September 9, 2026Latest filing (8-K): May 6, 2026
12 filings cited on this page
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Landstar System brief$1,500Get the executive brief
204 figures on this page: 193 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Frank Lonegro
Latest say-on-pay support
=
May 5, 2026

More on Landstar System

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Frank Lonegro: $13,374,405 → $4,574,887 (65.8% lower)
Say-on-pay support: 47.2% → 94.6% (47.4 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Landstar System's chief executive and what were they paid?
Frank Lonegro, President and Chief Executive Officer, received $4,574,887 in total compensation for fiscal 2025. Compared with the $13,374,405 reported for fiscal 2024, Lonegro's total was 65.8% lower.
What was Landstar System's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.6% of votes cast for or against in favor at the meeting held May 5, 2026 for fiscal 2025.
Which companies are in Landstar System's peer group?
Companies named in the disclosed peer group include ArcBest Corporation, C.H. Robinson Worldwide, Inc., Expeditors International of Washington, Inc., Hub Group, Inc. and J.B. Hunt Transport Services, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Kneller
Vice President, General Counsel and Secretary
◇—◇——◇◇◇
James Todd
Vice President and Chief Financial Officer
◇—◇——◇◇◇
Ricardo Coro
Vice President and Chief Information Officer
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Lonegro
President and Chief Executive Officer
◇◇◇——◇◇◇
Michael Kneller
Vice President, General Counsel and Secretary
◇—◇——◇◇◇
James Todd
Vice President and Chief Financial Officer
◇—◇——◇◇◇
Ricardo Coro
Vice President and Chief Information Officer
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank Lonegro
President and Chief Executive Officer
◇—◇—◇◇◇◇
Michael Kneller
Vice President, General Counsel and Secretary
◇—◇—◇◇◇◇
James Todd
Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Ricardo Coro
Vice President and Chief Information Officer
◇—◇—◇—◇◇
Matthew Miller
Vice President and Chief Safety and Operations Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Frank A. LonegroRSU◇——◇——◇
Frank A. LonegroPSU◇—◇—◇—◇
Frank A. LonegroRSU◇——◇——◇
James P. ToddRSU◇——◇——◇
James P. ToddPSU◇—◇—◇—◇
Matthew MillerPSU◇—◇—◇—◇
Matthew MillerRSU◇——◇——◇
Michael K. KnellerRSU◇——◇——◇
Michael K. KnellerPSU◇—◇—◇—◇
Ricardo S. CoroRSU◇——◇——◇
Ricardo S. CoroPSU◇—◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael KnellerRSU◇◇——
PSU◇◇——
James ToddRSU◇◇——
PSU◇◇——
Matthew MillerPSU◇◇——
RSU◇◇——
Ricardo CoroPSU◇◇——
RSU◇◇——
Frank LonegroRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Diana M. Murphy
Board chair
◇◇———◇◇
Anthony J. Orlando
◇◇———◇◇
David G. Bannister
◇◇———◇◇
George P. Scanlon
◇◇———◇◇
James L. Liang
◇◇———◇◇
Homaira Akbari
◇◇———◇◇
Teresa L. White
◇◇———◇◇
Melanie M. Hart
◇◇———◇◇
J. Barr Blanton
◇◇———◇◇
Frank A. Lonegro served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ArcBest Corporation ARCB
  • C.H. Robinson Worldwide, Inc. CHRW
  • Expeditors International of Washington, Inc. EXPD
  • Hub Group, Inc. HUBG
  • J.B. Hunt Transport Services, Inc. JBHT
  • Kirby Corporation symbol not shown
  • Knight-Swift Transportation Holdings, Inc. KNX
  • Matson, Inc. MATX
  • Old Dominion Freight Line, Inc. ODFL
  • RXO, Inc. RXO
  • Ryder System, Inc. R
  • Saia, Inc. SAIA
  • Schneider National Inc. SNDR
  • Werner Enterprises, Inc. WERN
  • XPO, Inc. XPO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 5, 2026=◇◇◇
2024May 16, 2025=◇◇◇
2023May 7, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 12, 2021=◇◇◇
2019May 19, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 23, 2017=◇◇◇
2015May 17, 2016=◇◇◇
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What this page does not include

Everything above is a fact Landstar System disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Landstar System sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
204 figures on this page: 193 cited to the filing that reported them, 11 calculated from figures it prints.
193 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-207702
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-118697
    Compensation of Directors · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table
  3. 0001193125-25-123208
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-24-133282
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-23-141775
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-22-149526
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-21-161356
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-20-148197
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-19-152763
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-18-174397
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-17-183447
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-16-596033
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Landstar System executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LSTR (accessed 2026).
Short form: data: Velarion

The paid brief for Landstar System

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Landstar System discloses

The companies named in LSTR's own disclosed peer group.

ArcBest CorporationC.H. Robinson Worldwide, Inc.Expeditors International of Washington, Inc.Hub Group, Inc.J.B. Hunt Transport Services, Inc.Knight-Swift Transportation Holdings, Inc.Matson, Inc.Old Dominion Freight Line, Inc.RXO, Inc.Ryder System, Inc.Saia, Inc.Schneider National Inc.Werner Enterprises, Inc.XPO, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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