Alico (ALCO): executive pay, fiscal 2025

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CEO total pay$1,385,168CEO John Kiernan · source

Say-on-pay support85.62%Latest vote · source

CEO vs. named peers20th pct.Against its disclosed peer group

CEO pay ratio17:1To the median employee · source

CEO pay, last three years

$840,943FY2023
$1,576,769FY2024
$1,385,168FY2025

CEO total pay was $1,385,168 in fiscal 2025, down from $1,576,769 in fiscal 2024.

FY2025: salary $544,529 · bonus $100,000 · stock awards $468,180 · option awards $0

Executives and directors

Bradley Heine · Executive Adam H. Putnam · Chair of the Board Benjamin D. Fishman · Independent Director Eric Speron · Independent Director George R. Brokaw · Independent Director Henry R. Slack · Independent Director John E. Kiernan · Director Katherine R. English · Independent Director Toby K. Purse · Independent Director W. Andrew Krusen, Jr · Independent Director

Frequently asked questions

Who was the highest-paid executive at Alico, Inc in fiscal 2025?

As disclosed, John Kiernan (President and Chief Executive Officer) was the highest-paid executive at Alico, Inc in fiscal 2025, with total compensation of $1,385,168.

How does Alico, Inc's chief executive pay compare to its disclosed peer group?

As disclosed, John Kiernan's total compensation ranked at the 20th percentile of Alico, Inc's disclosed peer group.

What is Alico, Inc's CEO-to-median employee pay ratio?

As disclosed, Alico, Inc's CEO-to-median employee pay ratio was 17:1.

How did shareholders vote on Alico, Inc's executive compensation?

As disclosed, 85.62% of shareholders supported Alico, Inc's executive compensation in the latest say-on-pay vote.

How much does Alico, Inc spend in total on board compensation for fiscal 2025?

As disclosed, Alico, Inc reported total board compensation of $575,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
John Kiernan	$544,529	$100,000	$468,180	$0	$238,856	$0	$33,603	$1,385,168
President and Chief Executive Officer
Mitch Hutchcraft	333,712	40,000	0	0	155,000	0	27,057	555,769
Executive Vice President Real Estate
Brad 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 officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
John Kiernan	$1,385,168	$1,576,769	$840,943	↓ −191,601
Mitch Hutchcraft	555,769	—	—	—
Brad Heine	380,668	—	—	—

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

Incentive-plan design — the Compensation Discussion & Analysis

The Company provides competitive compensation and benefits, with team members at all levels being eligible for rewards in the form of bonuses. The Compensation Committee advises on and approves compensation philosophies, goals, and objectives for executive officers, including long-term incentive compensation and equity-based plans.

CEO STI target (% of salary)	—
CEO LTI target (% of salary)	—
Independent consultant	Semler Brossy Consulting Group, LLC
Clawback policy	true
Anti-hedging	true
Anti-pledging	false

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
John Kiernan	PRSU	2024-12-23	—	38,000	—	—	$468,180

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
John Kiernan	RSU	2,500	—	$86,650
John Kiernan	RSU	6,250	—	216,625
John Kiernan	PSU	38,000	—	1,317,080

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Adam H. PutnamIndependent · Board Chair	$102,500	$0	$0	$0	$0	$102,500
Toby K. PurseIndependent · Compensation · Audit (Chair) · Nominating and Governance	82,500	0	0	0	0	82,500
Katherine R. EnglishIndependent · Stewardship (Chair)	80,000	0	0	0	0	80,000
W. Andrew Krusen JrIndependent · Compensation · Audit · Stewardship · Not standing for re-election	80,000	0	0	0	0	80,000
George R. BrokawIndependent · Compensation (Chair) · Nominating and Governance	77,500	0	0	0	0	77,500
Henry R. SlackIndependent · Compensation · Audit · Nominating and Governance (Chair) · Not standing for re-election	77,500	0	0	0	0	77,500
Benjamin D. FishmanIndependent · Compensation · Audit · Not standing for re-election	75,000	0	0	0	0	75,000

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)	10,000 / 5,000 / 5,000
Stock ownership guideline	$200,000

Total cost of the board

Component	FY2025
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.

Peer group, and who names Alico as a peer

Companies that benchmark against ALCO

3 companies name ALCO as a compensation peer

CADIZ INCCDZIFY2025
Lifeway Foods, Inc.LWAYFY2025
Limoneira COLMNRFY2025
TEJON RANCH COTRCFY2025

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.

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.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Alico, Inc	2025	John Kiernan	$544,529	$468,180	$0	$238,856	$1,385,168

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.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2024	2024-02-23	3,644,551	165,132	447,218	85.62%	Passed
2021	2021-02-25	4,466,994	460,135	117,267	90.66%	Passed
2018	2018-02-27	6,437,419	343,609	14,232	94.93%	Passed
2017	2017-02-23	5,704,603	916,069	100,879	86.16%	Passed
2016	2016-02-24	5,492,526	334,395	82,931	94.26%	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 year	Meeting date	Approval — company’s computation
2024	2024-02-23	85.62%^a
2021	2021-02-25	90.66%^b
2018	2018-02-27	94.93%^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.

CEO pay ratio

Ratio (CEO : median employee)	17 : 1
CEO total compensation	$840,943
Median employee compensation	$50,753

Insider trades since the proxy

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.

Insider	Role	Transaction date	Code	Shares	Price	Value	Security	Source
Adam H. Putnam	Director	2026-04-01	A	789	$41	$32,515	Common	Form 4 ↗
Toby K. Purse	Director	2026-04-01	A	516	41	21,264	Common	Form 4 ↗
Eric H. Speron	Director	2026-04-01	A	607	41	25,014	Common	Form 4 ↗
Katherine R. English	Director	2026-04-01	A	486	41	20,028	Common	Form 4 ↗
Katherine R. English	Director	2026-07-01	A	483	0	0	Common	Form 4 ↗
Eric H. Speron	Director	2026-07-01	A	453	0	0	Common	Form 4 ↗
Toby K. Purse	Director	2026-07-01	A	513	0	0	Common	Form 4 ↗
Adam H. Putnam	Director	2026-07-01	A	785	0	0	Common	Form 4 ↗
John Kiernan	Director	2026-07-14	A	160,000	0	0	Derivative, Class A Common	Form 4 ↗
Eric H. Speron	Director	2026-08-20	A	1,250	40	49,665	Common	Form 4 ↗
Eric H. Speron	Director	2026-10-01	A	490	0	0	Common	Form 4 ↗
Katherine R. English	Director	2026-10-01	A	523	0	0	Common	Form 4 ↗
Adam H. Putnam	Director	2026-10-01	A	849	0	0	Common	Form 4 ↗
Toby K. Purse	Director	2026-10-01	A	555	0	0	Common	Form 4 ↗
Dividend-equivalent accruals		2026-10-01	—	500	—	—	1 insider, 1 accrual row
John Kiernan	Director	2026-10-01	A	500	0	0	Common	Form 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.

View all 16 transactions

Insider	Role	Transaction date	Code	Shares	Price	Value	Security	Source
Adam H. Putnam	Director	2026-04-01	A	789	$41	$32,515	Common	Form 4 ↗
Toby K. Purse	Director	2026-04-01	A	516	41	21,264	Common	Form 4 ↗
Eric H. Speron	Director	2026-04-01	A	607	41	25,014	Common	Form 4 ↗
Katherine R. English	Director	2026-04-01	A	486	41	20,028	Common	Form 4 ↗
Katherine R. English	Director	2026-07-01	A	483	0	0	Common	Form 4 ↗
Eric H. Speron	Director	2026-07-01	A	453	0	0	Common	Form 4 ↗
Toby K. Purse	Director	2026-07-01	A	513	0	0	Common	Form 4 ↗
Adam H. Putnam	Director	2026-07-01	A	785	0	0	Common	Form 4 ↗
John Kiernan	Director	2026-07-14	A	160,000	0	0	Derivative, Class A Common	Form 4 ↗
Eric H. Speron	Director	2026-08-20	A	1,250	40	49,665	Common	Form 4 ↗
Eric H. Speron	Director	2026-10-01	A	490	0	0	Common	Form 4 ↗
Katherine R. English	Director	2026-10-01	A	523	0	0	Common	Form 4 ↗
Adam H. Putnam	Director	2026-10-01	A	849	0	0	Common	Form 4 ↗
Toby K. Purse	Director	2026-10-01	A	555	0	0	Common	Form 4 ↗
John Kiernan	Director	2026-10-01	D	500	0	0	Derivative, Class A Common	Form 4 ↗
John Kiernan	Director	2026-10-01	A	500	0	0	Common	Form 4 ↗

Sources (34 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, John Kiernan. DEF 14A, filed 2026-01-14. Section “Executive Compensation” · page 35. As printed: 1,385,168. View filing ↗
Section 01, Mitch Hutchcraft. DEF 14A, filed 2026-01-14. Section “Executive Compensation”. As printed: 555,769. View filing ↗
Section 01, Brad Heine. DEF 14A, filed 2026-01-14. Section “Executive Compensation”. As printed: 380,668. View filing ↗
Section 03, John Kiernan PRSU. DEF 14A, filed 2026-01-14. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2024-01-12. Section “CEO Pay Ratio”. As printed: 17 : 1. View filing ↗
Section 08, Adam H. Putnam. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 102,500. View filing ↗
Section 08, Toby K. Purse. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 82,500. View filing ↗
Section 08, Katherine R. English. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 80,000. View filing ↗
Section 08, W. Andrew Krusen Jr. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 80,000. View filing ↗
Section 08, George R. Brokaw. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 77,500. View filing ↗
Section 08, Henry R. Slack. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 77,500. View filing ↗
Section 08, Benjamin D. Fishman. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 75,000. View filing ↗
Section 02, Adam H. Putnam 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Toby K. Purse 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Eric H. Speron 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Katherine R. English 2026-04-01. Form 4, filed 2026-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Katherine R. English 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Eric H. Speron 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Toby K. Purse 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Adam H. Putnam 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Kiernan 2026-07-14. Form 4, filed 2026-07-16. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Eric H. Speron 2026-08-20. Form 4, filed 2026-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Eric H. Speron 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Katherine R. English 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Adam H. Putnam 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, Toby K. Purse 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Kiernan 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 02, John Kiernan 2026-10-01. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-02-23. Item 5.07 · say-on-pay result. As reported: 85.62% (votes for as printed: 3,644,551). View filing ↗
Section 06, 2021 vote. Form 8-K, filed 2021-03-01. Item 5.07 · say-on-pay result. As reported: 90.66%. View filing ↗
Section 06, 2018 vote. Form 8-K, filed 2018-02-28. Item 5.07 · say-on-pay result. As reported: 94.93%. View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 09b board cost (computed). Computed. Cash 575,000 + equity 0 + all other 0 = 575,000, summed across the director compensation table rows.
Alico, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Alico, Inc's own proxy. As printed: 1,385,168. View filing ↗