Form 4: Alico Director W. Andrew Krusen Jr. Acquires Shares Under Stock Incentive Plan

Director W. Andrew Krusen Jr. acquired 726 shares of Alico, Inc. common stock under the company's Stock Incentive Plan of 2015.

Summary

• On April 1, 2024, W. Andrew Krusen Jr., a director of Alico, Inc., acquired 726 shares of Alico common stock.
• The acquisition was made under the Stock Incentive Plan of 2015 at a price of $0.
• Following the transaction, Krusen directly owns 38,562 shares of Alico common stock.
• Krusen also indirectly owns 40,000 shares through WIT Ventures, LTD, where Dominion Financial Group, Inc. ('DFG') is the managing general partner.
• Krusen is the Non-Executive Chairman of DFG and a DFG shareholder but 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. It's a routine filing indicating a director acquired shares under a stock incentive plan. It doesn't inherently suggest positive or negative implications.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates