Michael Kneller compensation by year
LANDSTAR SYSTEM Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $275,000 | $275,000 | $300,000 | $300,000 | $300,000 | $350,000 | $400,000 | $400,000 | $400,000 | $425,000 |
| Bonus | $0 | $0 | $0 | $0 | $150,000 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $473,703 | $473,619 | $714,842 | $714,942 | $714,932 | $714,828 | $947,337 | $947,220 | $947,290 | $947,384 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $1,217,000 | $989,000 | $0 | $0 | $2,000,000 | $835,000 | $0 | $0 | $67,000 |
| Pension and deferred compensation | $7,507 | $4,467 | $0 | $10,002 | $11,631 | $10,396 | $0 | $37,585 | $32,586 | $36,920 |
| All other | $12,509 | $13,345 | $19,421 | $16,316 | $25,853 | $26,245 | $27,107 | $26,219 | $22,066 | $27,553 |
| Total | $768,719 | $1,983,431 | $2,023,263 | $1,041,260 | $1,202,416 | $3,101,469 | $2,209,444 | $1,411,024 | $1,401,942 | $1,503,857 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: LANDSTAR SYSTEM INC DEF 14A filed March 23, 2026, accession 0001193125-26-118697, and prior-year filings.
How this page was built: the LANDSTAR SYSTEM INC filed document, accession 0001193125-26-118697. Every figure is read from that document and cited to the page and table it appears in. Filed March 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 18,908 | $2,760,946 | — |
| RSU | 2,857 | $417,179 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in LANDSTAR SYSTEM INC's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
LANDSTAR SYSTEM’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Frank Lonegro | President and Chief Executive Officer | $4,574,887 |
| Michael Kneller · this page | Vice President, General Counsel and Secretary | $1,503,857 |
| James Todd | Vice President and Chief Financial Officer | $1,227,730 |
| Ricardo Coro | Vice President and Chief Information Officer | $1,214,093 |
| Matthew Miller | Vice President and Chief Safety and Operations Officer | $874,221 |
Michael Kneller's compensation dossier, LANDSTAR SYSTEM
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are LANDSTAR SYSTEM's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.