ALICO CEO John Kiernan Exercises/Converts 500 PRSUs

What Happened
John E. Kiernan, President & CEO and a director of Alico, Inc. (ALCO), executed an exercise/conversion of a derivative on October 1, 2026. The Form 4 shows an acquisition of 500 shares at $0.00 and a corresponding disposition of 500 derivative units (transaction code M). No cash changed hands in these entries (total reported value $0), indicating conversion/settlement of the derivative award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-10-01
• Reported entries: +500 shares acquired @ $0.00; -500 derivative units disposed @ $0.00 (transaction code M — exercise/conversion)
• Reported dollar value: $0 (no cash paid or received in the Form 4 entries)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing: Form 4 filed the same day (2026-10-01), indicating timely reporting
• Footnote: F1 — Each PRSU is a contingent right to one share; vesting depends on VWAP targets over a 60-day period and additional time-based requirements (see filing for full terms)

Context
Transaction code M typically denotes exercise or conversion of a derivative security. Here the filing reflects conversion/settlement of 500 performance-based restricted stock units (PRSUs) into common shares rather than a market sale. Because no sale occurred and no cash was reported, this is generally a recognition of award settlement (vesting/settlement mechanics are governed by the PRSU terms). As always, vesting or conversion of awards is not a direct buy/sell signal about the insider's market view — it reflects compensation plan mechanics and award terms.