Form 4: ALICO Director W. Andrew Krusen Jr. Reports Acquisition of 558 Shares Under Incentive Plan

ALICO, Inc. Director and 10% Owner W. Andrew Krusen Jr. reported the acquisition of 558 shares of common stock on July 1, 2025, issued under the company's 2015 Stock Incentive Plan.

Summary

• W. Andrew Krusen Jr., a Director and 10% Owner of Alico, Inc. (ALCO), reported a transaction on July 1, 2025.
• The transaction involved the acquisition of 558 shares of Alico, Inc. Common Stock with a par value of $1.00.
• These shares were acquired at a price of $0, indicating they were likely issued as part of a compensation or incentive plan.
• The shares were issued under the Amended and Restated Stock Incentive Plan of 2015.
• Following this transaction, Mr. Krusen directly beneficially owns 42,170 shares of Alico, Inc. Common Stock.
• Additionally, 40,000 shares are indirectly beneficially owned through WIT Ventures, LTD.
• Mr. Krusen disclaims beneficial ownership of the shares held by WIT Ventures, LTD, except to the extent of his pecuniary interest, due to his role as Non-Executive Chairman and shareholder of Dominion Financial Group, Inc., the managing general partner of WIT Ventures, LTD.

Sentiment

Score: 6

Explanation: The filing is neutral to slightly positive. It reports a routine insider acquisition of shares, which can be seen as a positive sign of alignment between management and shareholder interests, but it does not contain any new financial performance data or strategic announcements.

Positives

• Director W. Andrew Krusen Jr. acquired 558 shares, indicating continued alignment of management interests with shareholders.
• The shares were issued under a stock incentive plan, which is a common method for incentivizing directors and aligning their long-term interests with company performance.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's stock transaction.

Management Comments

• These shares were issued under the Amended and Restated Stock Incentive Plan of 2015.
• Mr. Krusen has no investment authority at WIT or DFG and disclaims beneficial ownership of the shares held by WIT except to the extent of his pecuniary interest therein.

Industry Context

This insider transaction is a routine disclosure for publicly traded companies, reflecting a director's compensation or incentive award. It does not provide broader industry context or trends, but rather details an individual's stake in Alico, Inc., which operates in the agriculture and land management sector.

Comparison to Industry Standards

• This Form 4 reports a standard insider stock acquisition, typically part of a director's compensation package.
• Such grants are common across industries to align director interests with shareholder value.
• Without specific details on the compensation structure of comparable companies in the agriculture or land management sector, a direct quantitative comparison is not feasible. However, the use of a stock incentive plan aligns with common corporate governance practices for executive and director compensation.

Related Party Transactions

• Indirect beneficial ownership of 40,000 shares through WIT Ventures, LTD, where Mr. Krusen is connected via Dominion Financial Group, Inc. (managing general partner of WIT). Mr. Krusen disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director can be viewed positively as it aligns the director's interests with shareholder value.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Next Steps

• Future Form 4 filings will report any subsequent changes in beneficial ownership by W. Andrew Krusen Jr.

Key Dates

Keywords

ALICO, ALCO, Form 4, Insider Transaction, Stock Acquisition, Director Compensation, Stock Incentive Plan, W. Andrew Krusen Jr., Beneficial Ownership