Form 4: Alico Director Adam Putnam Receives Stock Grant

Alico Director Adam Putnam was granted 933 shares of common stock under the company's incentive plan, increasing his direct beneficial ownership to 16,051 shares.

Summary

• Adam Putnam, a Director of Alico, Inc. (ALCO), acquired 933 shares of Alico, Inc. Common Stock.
• The transaction occurred on October 1, 2025, and was reported on October 2, 2025.
• The shares were acquired at a price of $0, indicating a grant rather than a purchase.
• This acquisition was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Adam Putnam directly beneficially owns 16,051 shares of Alico, Inc. Common Stock.
• The shares were issued under the Amended and Restated Stock Incentive Plan of 2015.

Sentiment

Score: 6

Explanation: Slightly positive, as a director receiving shares aligns their interests with shareholders, indicating continued commitment to the company. The transaction itself is routine and expected.

Positives

• The grant of shares to a director aligns management's interests with those of shareholders.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged and transparent compensation structure.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider transaction.

Industry Context

Stock grants to directors and executives are a common form of equity compensation across various industries, designed to incentivize long-term performance and align interests with shareholders. The use of a Rule 10b5-1 plan for such transactions is standard practice for pre-planned insider trading to avoid accusations of trading on material non-public information.

Comparison to Industry Standards

• The grant of equity as part of director compensation is a widely accepted practice, consistent with corporate governance standards in publicly traded companies.
• The use of a Rule 10b5-1 plan for this transaction aligns with best practices for insider trading compliance, similar to those observed in companies like Apple, Microsoft, or Google, where executives often pre-arrange stock transactions.

Related Party Transactions

• The acquisition of 933 shares by Adam Putnam, a Director of Alico, Inc., from the company under its stock incentive plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The grant of shares to a director can be viewed positively as it increases management's equity stake, potentially aligning their long-term interests with those of other shareholders.
• Employees: This filing does not directly impact employees beyond the director receiving compensation.

Key Dates

Keywords

ALICO, ALCO, Adam Putnam, Director, Insider Transaction, Stock Grant, Form 4, Equity Compensation, 10b5-1 Plan