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Alico (ALCO) Form 4: Director Awarded 633 Shares via Incentive Plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Alico, Inc. (ALCO) – Form 4 Insider Transaction Summary

On 07/01/2025, Director Toby K. Purse reported the acquisition of 633 shares of Alico common stock. The shares were issued at a stated price of $0.00 under the company’s Amended and Restated Stock Incentive Plan of 2015, indicating the transaction is part of an equity-based compensation award rather than an open-market purchase. Following the grant, Purse’s total direct holdings increased to 19,092 shares.

The filing shows no derivative securities activity and does not reference any concurrent dispositions. Because the shares were granted rather than purchased, the transaction does not inject new cash into the company, but it does marginally tighten insider-director alignment with shareholder interests. The size of the award (≈3.3% of Purse’s post-transaction holdings) is modest in absolute terms and unlikely to be market-moving on its own, yet it affirms ongoing participation in Alico’s long-term incentive program.

  • Reporting Person: Toby K. Purse (Director)
  • Transaction Code: A – grant/acquisition
  • Shares Acquired: 633
  • Total Shares After Transaction: 19,092 (direct ownership)
  • Form Filed: Individually (single reporting person), signed 07/03/2025

Investors typically view insider grants as neutral to slightly positive signals; however, the lack of open-market buying and the small award size limit its material impact.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small compensation grant; neutral fundamental impact, slight governance positive.

The 633-share award increases Purse’s stake to 19,092 shares but represents an immaterial percentage of Alico’s outstanding float. Because the shares were issued at no cost under a standing incentive plan, the transaction does not reflect incremental capital deployment or new market sentiment. From a valuation standpoint, the dilution is de minimis, and no pricing information indicates insider conviction. Overall, I classify the filing as neutral to operations and valuation, with minimal immediate effect on ALCO’s trading dynamics.

TL;DR: Grant modestly enhances board-shareholder alignment; governance positive.

Routine equity grants to non-executive directors are common best practice, fostering alignment between board members and shareholders. This award modestly increases insider ownership without introducing complex derivative structures. The absence of simultaneous sales reinforces a long-term posture. While not transformative, the event is a positive governance signal supporting incentive alignment.

Insider Purse Toby K
Role Director
Type Security Shares Price Value
Grant/Award Alico, Inc., Common Stock, Par Value $1.00 633 $0.00 --
Holdings After Transaction: Alico, Inc., Common Stock, Par Value $1.00 — 19,092 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Purse Toby K
(Last) (First) (Middle)
315 EAST NEW MARKET ROAD
(Street)
IMMOKALEE FL 34142
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALICO, INC. [ ALCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Alico, Inc., Common Stock, Par Value $1.00 07/01/2025 A 633(1) A $0 19,092 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares were issued under the Amended and Restated Stock Incentive Plan of 2015.
Remarks:
/s/ Brad Heine, Attorney-in-Fact for Toby K. Purse 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many Alico (ALCO) shares did Director Toby Purse acquire?

He received 633 shares of common stock on 07/01/2025.

What is Toby Purse’s total Alico share ownership after the grant?

His direct holdings increased to 19,092 shares.

Was the transaction an open-market purchase?

No. The shares were granted at $0 under the 2015 Stock Incentive Plan.

Does the filing include any derivative security activity?

No derivative securities were reported in this Form 4.

When was the Form 4 for ALCO filed?

The form was signed and filed on 07/03/2025.

What transaction code was used in the Form 4?

Transaction Code A – indicating an acquisition (grant).