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.

Alico, Inc. entered into an Agricultural Lease Agreement with United States Sugar Corporation on June 18, 2026, for approximately 3,280 acres of real property in Hendry County, Florida. The lease term begins July 1, 2026, and expires June 30, 2027, with a ten-year extension option. The agreement includes a $29,520,000 purchase option for U.S. Sugar to acquire the property by June 30, 2029, priced at $9,000 per acre. Alico, Inc. operates in the agriculture industry, managing and developing land for agricultural production.

Alico, Inc. declared a third quarter fiscal 2026 cash dividend of $0.05 per share on its outstanding common stock. The dividend is payable to shareholders of record as of July 2, 2026, with payment expected on July 16, 2026. Alico, Inc. is an agricultural company focused on managing citrus and other land-based assets.