Form 4: Alico Director W. Andrew Krusen Jr. Acquires 775 Shares of Common Stock

Director W. Andrew Krusen Jr. acquired 775 shares of Alico, Inc. common stock on October 1, 2024, under the company's Stock Incentive Plan of 2015.

Summary

• On October 1, 2024, W. Andrew Krusen Jr., a director of Alico, Inc., acquired 775 shares of the company's common stock.
• The shares were issued under the Stock Incentive Plan of 2015 at a price of $0 per share.
• Following the transaction, Mr. Krusen directly owns 40,152 shares of Alico, Inc.
• Mr. Krusen also has indirect ownership of 40,000 shares through WIT Ventures, LTD, where Dominion Financial Group, Inc. (DFG) is the managing general partner.
• Mr. Krusen is the President of DFG and has investment authority over shares held by DFG pursuant to a Consulting Agreement between Mr. Krusen and DFG.
• Mr. Krusen disclaims beneficial ownership of the shares held by WIT except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director increasing their stake could be seen as slightly positive.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates