ALCO insider filing: 560-share award; 40,000 shares held via WIT Ventures disclosed
Rhea-AI Filing Summary
A Form 4 filed for ALICO, Inc. reports that director W. Andrew Krusen, Jr. was issued 560 shares of Alico common stock on 10/01/2025 under the company’s Amended and Restated Stock Incentive Plan of 2015 at no cash cost. After the grant, Mr. Krusen is shown as directly owning 42,730 shares and having an additional 40,000 shares held indirectly by WIT Ventures, LTD, which is managed by Dominion Financial Group, Inc. The filing clarifies Mr. Krusen’s role with DFG and disclaims investment authority over WIT and DFG while noting a pecuniary interest in WIT’s holdings. The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Positive
- 560 shares issued under the company’s Amended and Restated Stock Incentive Plan of 2015
- Clear disclosure of direct ownership (42,730 shares) and indirect holdings (40,000 shares via WIT Ventures, LTD)
- Filing includes explanatory disclosure about the reporting person’s role and disclaimer of investment authority over WIT and DFG
Negative
- None.
Insights
TL;DR: Director received a small equity award; total disclosed ownership is modestly concentrated between direct and indirect holdings.
The 560-share grant recorded at $0 reflects an equity compensation issuance under an existing incentive plan rather than a market purchase, which is typical for director or executive awards. Reported direct ownership of 42,730 shares plus 40,000 indirectly held by WIT Ventures, LTD results in disclosed economic exposure without demonstrating control over WIT’s investment decisions. This filing primarily updates ownership levels and compensation accounting for the reporting person; it does not disclose material transactions such as large purchases, sales, or transfers that would typically drive market impact.
TL;DR: The filing shows routine director equity compensation and includes appropriate disclosure of indirect holdings and role relationships.
The Form 4 properly discloses an issuance under the company’s 2015 incentive plan and explains the governance relationship between the reporting person, Dominion Financial Group, Inc., and WIT Ventures, LTD. The statement that Mr. Krusen has no investment authority at WIT or DFG and disclaims beneficial ownership beyond pecuniary interest aligns with standard disclosure practices. From a governance perspective, this is a routine transparency filing rather than an indicator of governance changes or conflicts requiring further action.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Alico, Inc., Common Stock, Par Value $1.00 | 560 | $0.00 | -- |
| holding | Alico, Inc., Common Stock, Par Value $1.00 | -- | -- | -- |
Footnotes (1)
- These shares were issued under the Amended and Restated Stock Incentive Plan of 2015. Dominion Financial Group, Inc. ("DFG") is the managing general partner of WIT Ventures, LTD ("WIT"). Mr. Krusen is the Non-Executive Chairman of DFG and a DFG shareholder. Mr. Krusen has no investment authority at WIT or DFG and disclaims beneficial ownership of the shares held by WIT except to the extent of his pecuniary interest therein.
