Kiernan John E 4
4 · ALICO, INC. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
ALICO CEO John E. Kiernan Receives 160,000 PRSUs
What Happened John E. Kiernan, President, CEO and director of Alico, Inc. (ALCO), received a grant of 160,000 performance-based restricted stock units (PRSUs) on July 14, 2026. The award was recorded at $0.00 per unit (no cash paid) and is reported as a derivative acquisition (code A) on the Form 4.
Key Details
- Transaction date: 2026-07-14; Report filed: 2026-07-16 (timely filing).
- Grant: 160,000 PRSUs; acquisition price: $0.00; total cash consideration: $0.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote (F1): Each PRSU represents a contingent right to one share. PRSUs vest only if the 30‑day average closing price exceeds specified thresholds on or prior to September 30, 2030, and are also subject to additional time‑based vesting requirements.
- Transaction type: Award/Grant of derivative securities (not an open-market purchase or sale).
Context PRSUs are contingent awards — they convert to common shares only if specified performance (stock-price) and time conditions are met by the deadline. This grant increases Kiernan’s potential future equity but does not immediately change outstanding shares unless and until vesting and conversion occur. Such awards are common for executive compensation and do not necessarily indicate an immediate insider buy or sell.
Insider Transaction Report
- Award
Performance-Based Restricted Units
[F1]2026-07-14+160,000→ 160,000 total→ Alico, Inc., Common Stock, Par Value $1.00 (160,000 underlying)
Footnotes (1)
- [F1]Each performance-based restricted unit ("PRSU") represents a contingent right to receive one share of Alico, Inc. common stock. The PRSUs will vest if the 30-day average closing price of Alico's common stock exceeds certain stock price thresholds on or prior to September 30, 2030, subject to additional time-based vesting requirements.