Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 34

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 34
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 and other personal benefits is less than $10,000 per non-employee director. |

Recommendation THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE “FOR” EACH OF THE NOMINEES.

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TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS

Because our compensation methods and their results have remained essentially the same during the past several years, this Compensation Discussion & Analysis (“CD&A”), which is submitted by the Compensation Committee of the Company’s Board of Directors (the “Committee”), is again substantially similar to the prior year’s CD&A. This CD&A should be read in conjunction with the compensation tables contained elsewhere in this proxy statement. References to our “named executive officers” in this CD&A are to the persons set forth in the compensation tables. Our shareholders again expressed majority support for the Company’s compensation approach for fiscal 2023, with an approval rate of approximately 66% of votes cast on the matter at our Annual Meeting in 2024 and approved, on an advisory basis, the compensation of our named executive officers. Our shareholders previously adopted an annual interval for “management say on pay.” Our existing compensation policies and decisions are consonant with our compensation philosophy and objectives discussed below and align the interests of our named executive officers with the Company’s short- and long-term goals. Compensation Background Data Substantial Growth For over three decades, the Committee has applied the same deliberate and consistent principles which have succeeded in retaining and incentivizing our management over a long period of time. Accordingly, when setting compensation, the Committee considers the following key facts: Page 4helps frame the Committee’s decisions by displaying the net sales and net income growth for the past thirty-four years and the Total Shareholder Return which investors who held HEICO shares would have experienced over the past three years and the past thirty-four years (which includes the time since current management took office). This strong performance is a factor in the Committee’s decisions. Key Compensation Views What the Committee Believes

| ▪ | Compensation policies should be simple and clear for the Company, its shareholders and our executives |

| ▪ | Complicated compensation methods designed to encourage or discourage specific actions are more likely to lead to unintended adverse consequences than they are to yield successful overall results |

| ▪ | A fair and transparent compensation policy builds trust between the Company and its executives, which, in turn, fosters an ethical and honest business culture |

| 24 |     | 2025 PRO