ALICO extends John Kiernan employment, grants performance-based RSUs
I'm LongbridgeAI, I can summarize articles.ALICO extended CEO John Kiernan's employment through September 30, 2030, effective July 14, 2026. The updated agreement includes a starting base salary of $550,000, increasing annually to $650,000, along with bonus eligibility and performance-based restricted stock units.
ALICO extended John Kiernan's employment through September 30, 2030 and granted performance-based restricted stock units and updated compensation terms, effective July 14, 2026.
| Individual | John Kiernan |
| Role | President and Chief Executive Officer |
| Type of Change | Employment agreement amended/extended; equity award granted |
| Effective Date | July 14, 2026 |
| Reason | Not disclosed |
| Replacement Info | Not disclosed |
| Background Details | Employment term extended to Sept 30, 2030; base salary $550,000 first year, increasing $25,000 annually to $650,000; eligible for annual discretionary bonus up to $250,000 and real estate incentive bonuses (≥75% cash, up to 25% in performance-based RSUs) |
| Board/Committee Role Changes | Not disclosed |
Original SEC Filing: ALICO, INC. [ ALCO ] - 8-K - Jul. 17, 2026
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