Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 128

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 128
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, 2024 and 2023 was $18.5 million, $20.1 million and $11.1 million, respectively.  If there were a change in control of the Company, all of the unvested options outstanding as of October 31, 2025 would become immediately exercisable.

101

The fair value of each stock option grant in fiscal 2025, 2024 and 2023 was estimated on the date of grant using the Black-Scholes option-pricing model based on the following weighted average assumptions:Year ended October 31, 202520242023Common StockClass A Common StockClass A Common StockCommon StockClass A Common StockExpected stock price volatility30.27%31.66%32.65%31.48%33.59%Risk-free interest rate4.22%4.13%4.20%3.63%3.64%Dividend yield.09%.12%.16%.15%.17%Forfeiture rate.00%.00%.00%.00%.00%Expected option life (years)96686Weighted average fair value $124.86$77.79$63.15$69.57$50.90

12.    EMPLOYEE RETIREMENT PLANS

The HEICO Savings and Investment Plan (the “401(k) Plan”) is a qualified defined contribution retirement plan under which eligible employees of the Company and its participating subsidiaries may make Elective Deferral Contributions up to the limitations set forth in Section 402(g) of the Internal Revenue Code.  The Company generally makes a 50% Employer Matching Contribution, as determined by the Board of Directors, based on a participant’s Elective Deferral Contribution up to 6% of the participant’s Compensation for the Elective Deferral Contribution period.  The 401(k) Plan also provides that the Company may make additional Employer Contributions.  Employer Contributions may be contributed in the form of the Company’s common stock or cash, as determined by the Company.  Employer Contributions awarded in the form of Company common stock are valued based on the fair value of the underlying shares as of the effective date of contribution.  Employer Contributions may be diversified by a participant into any of the participant-directed investment options of the 401(k) Plan; however, Employee Contributions may not be invested in Company common stock.  Unless specified otherwise, all capitalized terms herein are defined in the 401(k) Plan document.Participants receive 100% vesting in Employee Contributions and on