Alico, Inc. (ALCO) entered into a new employment agreement with CEO John Kiernan on July 14, 2026, extending his term through September 30, 2030. The agreement raises his base salary from $550,000 in the first year to $650,000 by the fifth year, and provides enhanced severance of 200% of base salary if terminated without cause after a change in control. It also introduces a new bonus structure with an annual performance bonus up to $250,000 and real estate milestone bonuses, and grants up to 160,000 performance-based restricted stock units (PSUs) tied to stock price targets between $40 and $110 per share.
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