Alico (ALCO) Form 4: Director reduces stake by 24,789 shares on 08/15/2025
Rhea-AI Filing Summary
Henry R. Slack, a director of Alico, Inc. (ALCO), reported the sale of 24,789 shares of Alico common stock on 08/15/2025 at a weighted average price of $32.8282 per share, with transaction prices ranging from $32.18 to $33.085. After the sale, Mr. Slack directly beneficially owned 41,649 shares and indirectly held 1,820 shares through Montac Trust, a trust of which he is a beneficiary. The filing was signed by an attorney-in-fact on behalf of Mr. Slack on 08/19/2025.
Positive
- Transparent disclosure of sale quantities, price range, and remaining direct and indirect holdings
- Clear compliance with Section 16 reporting requirements, including attorney-in-fact signature
Negative
- Reduction in direct ownership by 24,789 shares which lowers the reporting person's stake
- No disclosure of any Rule 10b5-1 plan or intent for the sale, limiting context for investors
Insights
TL;DR: Director sold a portion of holdings; remaining direct stake remains meaningful but reduced.
Mr. Slack's sale of 24,789 shares is a clear, disclosed reduction in his direct stake. The filing provides exact quantities and a weighted average sale price, and it discloses indirect holdings via Montac Trust with a disclaimer of beneficial ownership except for pecuniary interest. This is a routine Section 16 disclosure showing liquidity by an insider rather than issuance or dilution. The filing does not indicate any plans, 10b5-1 plan reference, or additional context beyond the mechanics and holdings, limiting interpretive conclusions.
TL;DR: Transaction is material to insider position but not necessarily material to company fundamentals.
The reported sale reduces direct beneficial ownership to 41,649 shares with an additional 1,820 shares indirectly held. The weighted average sale price of $32.8282 and disclosed price range provide transparent execution detail. No derivative transactions or new acquisitions were reported. From an investor-impact perspective, this is a transparent insider sale; the filing lacks information on intent or broader insider activity that would suggest a material change to company outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Alico, Inc., Common Stock, Par Value $1.00 | 24,789 | $32.8282 | $814K |
| holding | Alico, Inc., Common Stock, Par Value $1.00 | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.18 to $33.085, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. As previously reported, the Reporting Person was the Managing Member of Rinyami, LLC, which previously held 128,571 shares. That entity was dissolved in April 2020, after which time the Reporting Person directly held 38,571 shares of those shares. The amount reported reflects those shares, and the previously reported 27,867 shares issued under the Stock Incentive Plan of 2015, as adjusted for this transaction. Montac Trust, a trust of which Mr. Slack is a beneficiary, holds 1,820 shares of the Company's Common Stock. Mr. Slack disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein. The two family trusts (the "Family Trusts") previously reported were dissolved.
