Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

Alico (ALCO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$380,668
Bradley Heine total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
85.62%
Say-on-pay support, latest vote
Companies that benchmark against ALCO
2 companies name ALCO as a compensation peer

Each company listed discloses ALCO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ALCO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bradley Heine$275,000$90,000$0$0$0$0$15,668$380,668
Chief Financial and Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Bradley Heine$380,668

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Katherine R. EnglishDirector2026-04-01A486$41$20,028CommonForm 4 ↗
Eric SperonDirector2026-04-01A6074125,014CommonForm 4 ↗
Adam H. PutnamDirector2026-04-01A7894132,515CommonForm 4 ↗
Toby K. PurseDirector2026-04-01A5164121,264CommonForm 4 ↗
Eric SperonDirector2026-07-01A45300CommonForm 4 ↗
Katherine R. EnglishDirector2026-07-01A48300CommonForm 4 ↗
Adam H. PutnamDirector2026-07-01A78500CommonForm 4 ↗
Toby K. PurseDirector2026-07-01A51300CommonForm 4 ↗
John E. KiernanDirector2026-07-14A160,00000Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John E. KiernanRSU38,000$1,317,080
John E. KiernanRSU2,50086,650
John E. KiernanRSU6,250216,625
John E. KiernanOption22,50033.6
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is intended to attract and retain talent and to create incentives for and reward excellent performance. Compensation is designed to be competitive, reward performance that creates shareholder value and recognizes individual contributions, and encourage longer-term value creation. A significant portion of executive compensation opportunity is tied to factors that influence shareholder value, including return on assets, long-term stock performance, and operational performance, with the proportion of variable compensation increasing as executive responsibilities increase.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantSemler Brossy Consulting Group, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-02-233,644,551165,132447,21885.62%Passed
20212021-02-254,466,994460,135117,26790.66%Passed
20182018-02-276,437,419343,60914,23294.93%Passed
20172017-02-235,704,603916,069100,87986.16%Passed
20162016-02-245,492,526334,39582,93194.26%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20242024-02-2385.62%a
20212021-02-2590.66%b
20182018-02-2794.93%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against the ratification of the appointment of Grant Thornton LLP and the approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.”.

b. Approved under the standard stated in the filing — “Abstentions and broker "non-votes" will not affect the outcome of the vote on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker "non-votes" will not affect the outcome of the vote on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Adam H. PutnamIndependent · Board Chair$102,500$0$0$0$0$102,500
Toby K. PurseIndependent · Compensation · Audit (Chair) · Nominating and Governance82,500000082,500
Katherine R. EnglishIndependent · Stewardship (Chair)80,000000080,000
W. Andrew Krusen, JrIndependent · Compensation · Audit · Stewardship · Not standing for re-election80,000000080,000
George R. BrokawIndependent · Compensation (Chair) · Nominating and Governance77,500000077,500
Henry R. SlackIndependent · Compensation · Audit · Nominating and Governance (Chair) · Not standing for re-election77,500000077,500
Benjamin D. FishmanIndependent · Compensation · Audit · Stewardship · Not standing for re-election75,000000075,000
Eric SperonIndependent · Newly elected000000
John E. KiernanEmployee director · Stewardship00000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)50,000 / 5,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$575,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$575,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Alico2025Bradley Heine$275,000$0$0$0$380,668

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bradley HeineDEF 14A2026-01-140000003545-26-000004Section “SUMMARY COMPENSATION TABLE”. As printed: 380,668. Filing ↗machine: span 380541–380548
2Section 08, Adam H. PutnamDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 102,500. Filing ↗machine: t19 · r8 · c3 · span 315011–315018
3Section 08, Toby K. PurseDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 82,500. Filing ↗machine: t19 · r7 · c3 · span 312927–312933
4Section 08, Katherine R. EnglishDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 80,000. Filing ↗machine: t19 · r4 · c3 · span 306663–306669
5Section 08, W. Andrew Krusen, JrDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 80,000. Filing ↗machine: t19 · r6 · c3 · span 310843–310849
6Section 08, George R. BrokawDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 77,500. Filing ↗machine: t19 · r3 · c3 · span 304370–304376
7Section 08, Henry R. SlackDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 77,500. Filing ↗machine: t19 · r9 · c3 · span 317098–317104
8Section 08, Benjamin D. FishmanDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 75,000. Filing ↗machine: t19 · r5 · c3 · span 308752–308758
9Section 08, Eric SperonDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, John E. KiernanDEF 14A2026-01-140000003545-26-000004Section “Director Compensation”. As printed: 0. Filing ↗
11Section 02, Katherine R. English 2026-04-01Form 42026-04-020001820338-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Eric Speron 2026-04-01Form 42026-04-020001628280-26-022947Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Adam H. Putnam 2026-04-01Form 42026-04-020001820544-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Toby K. Purse 2026-04-01Form 42026-04-020001775428-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Eric Speron 2026-07-01Form 42026-07-020001628280-26-046696Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Katherine R. English 2026-07-01Form 42026-07-020001820338-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Adam H. Putnam 2026-07-01Form 42026-07-020001820544-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Toby K. Purse 2026-07-01Form 42026-07-020001775428-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, John E. Kiernan 2026-07-14Form 42026-07-160001644122-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
20Section 06, 2024 voteForm 8-K2024-02-230000003545-24-000037Item 5.07 · say-on-pay result. As reported: 85.62% (votes for as printed: 3,644,551). Filing ↗
21Section 06, 2021 voteForm 8-K2021-03-010001564590-21-009866Item 5.07 · say-on-pay result. As reported: 90.66%. Filing ↗
22Section 06, 2018 voteForm 8-K2018-02-280000003545-18-000026Item 5.07 · say-on-pay result. As reported: 94.93%. Filing ↗
23Section 09b board cost (computed)ComputedcomputedCash 575,000 + equity 0 + all other 0 = 575,000, summed across the director compensation table rows.machine: formula: Σ = 575,000
24Alico (subject), Section 10b CEO totalDEF 14A2026-01-140000003545-26-000004CEO total compensation as printed in Alico's own proxy. As printed: 380,668. Filing ↗machine: span 380541–380548