ALICO Extends CEO John Kiernan Through 2030, Raises Base Pay to $650,000
Updated
Updated · TradingView · Jul 16
ALICO Extends CEO John Kiernan Through 2030, Raises Base Pay to $650,000
2 articles · Updated · TradingView · Jul 16
Summary
July 14 amendments keep ALICO CEO John Kiernan in place through Sept. 30, 2030 and grant him performance-based restricted stock units.
The updated contract sets base salary at $550,000 in the first year, rising by $25,000 annually until it reaches $650,000.
Kiernan also remains eligible for a discretionary annual bonus of up to $250,000, plus real-estate incentive bonuses paid at least 75% in cash and up to 25% in performance RSUs.
ALICO did not disclose a reason for the extension, which was detailed in an 8-K filing released July 17.