Form 4: Alico Director Krusen Receives 560 Shares in Equity Grant

Alico, Inc. Director W. Andrew Krusen, Jr. acquired 560 shares of common stock through an equity incentive plan.

Summary

• W. Andrew Krusen, Jr., a Director of Alico, Inc. (ALCO), acquired 560 shares of common stock.
• The shares were issued on October 1, 2025, under the Amended and Restated Stock Incentive Plan of 2015.
• The acquisition price was $0, indicating a grant or award.
• Following this transaction, Krusen directly beneficially owns 42,730 shares of Alico, Inc. common stock.
• Krusen also indirectly beneficially owns 40,000 shares through WIT Ventures, LTD, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, which is generally a neutral to slightly positive event as it aligns management interests with shareholders. There are no negative implications, but also no significant new positive developments beyond standard compensation.

Positives

• Director W. Andrew Krusen, Jr. received 560 shares of Alico, Inc. common stock, indicating continued alignment of management interests with shareholders.
• The shares were issued under the Amended and Restated Stock Incentive Plan of 2015, a common mechanism for executive and director compensation.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance.

Industry Context

Insider transactions, particularly equity grants to directors, are standard practice across industries to align leadership incentives with shareholder value. This specific transaction for Alico, Inc. reflects a routine compensation event within the agricultural or land management sector, where such companies often operate.

Comparison to Industry Standards

• Equity grants to directors are a common form of compensation in publicly traded companies across various industries, including agriculture and real estate, aligning director interests with long-term company performance.
• The grant of 560 shares to a director is a typical size for an annual or periodic equity award, comparable to practices seen in companies of similar market capitalization to Alico, Inc.
• The $0 price for shares acquired indicates an award under an incentive plan, which is standard for non-cash compensation to directors and executives, similar to practices at companies like Fresh Del Monte Produce Inc. (FDP) or Limoneira Company (LMNR) in the agricultural sector.

Related Party Transactions

• W. Andrew Krusen, Jr. indirectly owns 40,000 shares through WIT Ventures, LTD. Dominion Financial Group, Inc. (DFG) is the managing general partner of WIT, and Mr. Krusen is the Non-Executive Chairman of DFG and a DFG shareholder. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with long-term shareholder value.
• Management/Directors: W. Andrew Krusen, Jr. receives additional compensation in the form of company stock.

Key Dates

Recommendation

This Form 4 reports a standard equity grant to an existing director, W. Andrew Krusen, Jr., under an established incentive plan. While it indicates continued alignment of management interests with shareholders, it does not present new financial performance data, strategic shifts, or material risks that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing does not provide a basis for a 'buy' or 'sell' decision.

Keywords

Alico Inc., ALCO, W. Andrew Krusen Jr., Director, Common Stock, Equity Grant, Stock Incentive Plan, Insider Transaction, Form 4