Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 47

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 47
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     |           — |     |          43,613 |
| 2023                 |     |                      — |     |   17,552 |     |      16,000 |     |              11,187 |     |                — |     | —       |     |      44,739 |     |                 |
| 2022                 |     |                      — |     |   20,096 |     |      14,950 |     |              10,665 |     |                — |     | —       |     |      45,711 |     |                 |

| (1) | Annual life and medical insurance premiums paid by the Company. |

| (2) | Participation in the HEICO Savings and Investment Plan is available to substantially all U.S. employees of the Company. |

| (3) | For more information on the HEICO Corporation Leadership Compensation Plan, see “Non-qualified Deferred Compensation,” which follows below within this Executive Compensation section. |

| (4) | Personal use of Company’s vehicle provided to the Named Executive Officer. The Company reports the personal use of such vehicles as part of each Named Executive Officer’s compensation. |

| (5) | Our Named Executive Officers personally use the Company’s aircraft, facilities, and from time to time, use tickets for entertainment and other events for personal purposes, and receive occasional secretarial support with respect to personal matters. Please see the disclosure below regarding the personal use of the Company's aircraft. |

In March 2018, our CEO, Laurans A. Mendelson, our Co-Presidents, Eric A. Mendelson and Victor H. Mendelson and our CFO, Carlos L. Macau, Jr. (in each case, the “Lessee”) each entered into a Time-Sharing Agreement with the Company which provides that each of them can lease, for personal or non-business purposes, an aircraft that is possessed and operated by or for the Company. Under these agreements, each Lessee prepays the Company the aggregate incremental cost of each flight, which is determined by applicable Federal Aviation Regulations and consists of: fuel, oil, lubricants and other additives; travel expenses of the crew, including food, lodging and ground transportation; in-flight food and beverage expenses; hangar and tie-down costs away from the aircraft’s base of operations; insurance obtained for the specific flight; flight planning and weather contract services; passenger ground transportation; landing fees, airport taxes and similar assessments; and customs, foreign permit