Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 44

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 44
---
 efforts |

| ▪ | Management’s work ethic |

| ▪ | Our reputation with various stakeholders |

| ▪ | Difficulty in managing the business |

| ▪ | Our historical performance |

| ▪ | Whether failure to meet any goals was the result of completely external factors or management errors |

| ▪ | Economic and other external conditions |

| ▪ | Acquisitions |

| ▪ | Other considerations deemed important from time-to-time |

Given the Company’s consistently strong results and the fact that we were able to observe the executives during that time and before that time, we believe that these items above were favorably impacted by the executives and this played a role in our compensation decisions. Because we want to encourage all of our executive officers to work together as a team and to discourage them from considering their contribution individually, we do not exclusively consider each executive officer’s contribution to our performance or otherwise attempt to break

| 30 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS out a value for it. We do not specifically analyze the relationship between compensation of our executive officers and other employees (which is sometimes referred to as “pay equity” analysis). In September 2023, we issued a Clawback Policy which requires repayment of compensation by our executive officers in the event of an accounting restatement. We have not had to restate results of which prior compensation decisions were made. The Committee does not separately consider how much compensation amounts are realizable from prior compensation; however, those are factors which the Committee views in the total mix of information when setting compensation. The Committee does, however, consider the impact that our accounting policies have on our overall performance in both cash utilization and accounting terms. Our named executive officers hold and have held significant amounts of our stock for decades. Accordingly, we have not adopted ownership guidelines for them. Our policies direct that members of HEICO’s Board of Directors should purchase HEICO shares equivalent to approximately 58% of their annual Board of Directors retainer. Three of our named executive officers are members of our Board of Directors and all of them have followed that policy. The Committee views ownership of HEICO shares as a commitment to the Company and believes that it should be encouraged. The named executive officers who also serve on the Company’s Board of Directors receive compensation for their services as Directors commensurate with the independent directors. We believe that this policy, which has been in place for approximately 35 years, is appropriate given the risks and efforts attendant with service on the Board of Directors. Compensation Ris