Calavo Growers Grants Accelerated Stock Options to Retiring CEO
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Calavo Growers Inc. has granted accelerated stock options to retiring CEO Lecil E. Cole, effective December 8, 2025. The agreement allows 300,000 stock options to vest and be exercisable upon retirement, with an extended exercise period. In case of a Change of Control, options convert to per-share consideration minus exercise price and taxes. Calavo Growers also has a right of first offer for avocados grown by Mr. Cole or affiliates.
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