Leadership & Pay ·
Alico, Inc. entered into a third amended and restated employment agreement with President and CEO John Kiernan…
ALCOAlico, Inc.
Alico, Inc. entered into a third amended and restated employment agreement with President and CEO John Kiernan, effective July 14, 2026. The agreement extends Mr. Kiernan's term through September 30, 2030, with an initial annual base salary of $550,000 increasing by $25,000 annually up to $650,000. The contract includes an updated bonus structure featuring an annual discretionary performance bonus of up to $250,000 and real estate incentive awards. Additionally, Mr. Kiernan was granted performance-based restricted stock units (PSUs) for up to 160,000 shares, contingent on achieving 60-day volume-weighted average price targets between $40 and $110 per share. Alico, Inc. is an agribusiness company focused on citrus production and real estate management.