Limoneira Co: appoints new executive vice president and chief operating officer

What happened

• The filing says the board appointed Ryan M. Young (age 51) as executive vice president and chief operating officer, effective Nov 9, 2026. The board action occurred on Oct 21, 2026.
• The filing says Mr. Young will serve on an at-will basis pursuant to an offer letter and has prior senior operations roles at Sun Pacific Shippers LP and Grimmway Enterprises, and a B.S. in agricultural and managerial economics from the University of California, Davis.

Key details

• Annual base salary of $560,000.
• Target annual bonus opportunity equal to 65% of his annual base salary, based on corporate and individual performance goals.
• One-time equity award with an aggregate grant date value of $650,000, consisting of a time-based grant valued at $325,000 that vests in three equal annual installments beginning on the first anniversary of the grant, and a performance-based grant valued at $325,000 with vesting tied to specified performance goals over a two-year performance period.
• Relocation reimbursement up to $10,000 and a temporary housing stipend of $4,000 per month for the first 12 months of employment.
• Mr. Young entered into a change in control agreement providing that, if his employment is terminated by the company without Cause or by Mr. Young for Good Reason in connection with a change in control (and subject to execution and non-revocation of a release), he would receive a lump-sum cash payment equal to two times his annual base salary and continued payment or reimbursement of COBRA premiums for up to 24 months.

Why it may matter

• The filing is reported under Item 5.02 (departure of directors or certain officers; election of directors) and covers the appointment and compensation arrangements for a named executive officer.
• The filing does not show why the insider traded or why the company acted.