Alico CEO John E. Kiernan converts awards to 500 shares

Q: What are the vesting terms for ALCO performance-based restricted units?

Each performance-based restricted unit represents a contingent right to one Alico common share. It vests if the volume-weighted average price per share over 60 consecutive trading days exceeds certain targets on or before September 30, 2030, subject to additional time-based vesting requirements.

Alico, Inc. (ALCO) President and CEO John E. Kiernan converted 500 performance-based restricted units into 500 common shares on October 1, 2026.

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Rhea-AI Filing Summary

Alico, Inc. (ALCO) President and CEO John E. Kiernan converted 500 performance-based restricted units into 500 common shares on October 1, 2026. His reported direct position afterward included 37,079 common shares and 159,500 performance-based restricted units.

Insider Trade Summary

500 shares exercised/converted

Exercise 2 txns

Insider Kiernan John E

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Performance-Based Restricted Units ^F1	500	$0.00	$0.00
Exercise	Alico, Inc., Common Stock, Par Value $1.00	500	$0.00	$0.00

Holdings After Transaction: Performance-Based Restricted Units — 159,500 contracts (Direct); Alico, Inc., Common Stock, Par Value $1.00 — 37,079 shares (Direct)

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 volume-weighted average price per share over sixty (60) consecutive trading days of Alicos common stock exceeds certain targets on or prior to September 30, 2030, subject to additional time-based vesting requirements.

Key Figures

Performance-based restricted units converted: 500 units Common shares acquired: 500 shares Direct common shares following transaction: 37,079 shares +2 more

5 metrics

Performance-based restricted units converted 500 units October 1, 2026

Common shares acquired 500 shares October 1, 2026

Direct common shares following transaction 37,079 shares Reported after the October 1, 2026 transaction

Performance-based restricted units following transaction 159,500 units Reported after the October 1, 2026 transaction

Vesting price measurement period 60 consecutive trading days Volume-weighted average price per share must exceed specified targets

Key Terms

performance-based restricted unit, volume-weighted average price, time-based vesting requirements

3 terms

performance-based restricted unit technical

"Each performance-based restricted unit (PRSU) represents a contingent right"

volume-weighted average price financial

"volume-weighted average price per share over sixty (60) consecutive trading days"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

time-based vesting requirements technical

"subject to additional time-based vesting requirements"

Time-based vesting requirements are rules that grant an employee the right to stock, options or other equity only after they work for the company for a set period or reach specific time checkpoints, like earning a reward after paying installments. For investors this matters because it spreads out when new shares can be claimed and sold, affecting future dilution, employee retention, and the timing of potential selling pressure on the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ALCO shares did CEO John E. Kiernan acquire?

John E. Kiernan converted 500 performance-based restricted units into 500 common shares on October 1, 2026. His reported direct position afterward included 37,079 common shares and 159,500 performance-based restricted units.

What are the vesting terms for ALCO performance-based restricted units?

Each performance-based restricted unit represents a contingent right to one Alico common share. It vests if the volume-weighted average price per share over 60 consecutive trading days exceeds certain targets on or before September 30, 2030, subject to additional time-based vesting requirements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 08:19 AM Accepted by SEC EDGAR 10/01/2026 - 08:18 AM

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^*

Kiernan John E

(Last)

(First)

(Middle)

C/O ALICO. INC.

12685 NEW BRITTANY BOULEVARD

(Street)

FORT MYERS

FLORIDA

33907

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Alico, Inc., Common Stock, Par Value $1.00	10/01/2026		M		500	A	$0	37,079	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance-Based Restricted Units	⁽¹⁾	10/01/2026		M			500	⁽¹⁾	⁽¹⁾	Alico, Inc., Common Stock, Par Value $1.00	500	$0	159,500	D

Explanation of Responses:

1. 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 volume-weighted average price per share over sixty (60) consecutive trading days of Alicos common stock exceeds certain targets on or prior to September 30, 2030, subject to additional time-based vesting requirements.

Remarks:

	John E. Kiernan	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR