Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 126

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 126
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 2025, including 3.6 million shares currently under option and 1.6 million shares available for future grants.    

99

Stock options granted pursuant to the 2018 Plan may be designated as Common Stock and/or Class A Common Stock in such proportions as shall be determined by the Board of Directors or the Stock Option Plan Committee at its sole discretion.  The exercise price per share of a stock option granted under the 2018 Plan may not be less than the fair market value of the designated class of Company common stock as of the date of grant and stock option grants vest ratably over a period specified as of the date of grant (generally five years) and expire ten years after the date of grant, with compensation expense recognized over the requisite service period.  Options issued under the 2018 Plan may be designated as incentive stock options or non-qualified stock options, but only employees are eligible to receive incentive stock options and no incentive stock options were outstanding as of October 31, 2025.  The 2018 Plan will terminate no later than the tenth anniversary of its effective date.All of the stock options granted in fiscal 2025 included a performance condition and will vest based on the Company's achievement of established operating performance goals.  Compensation expense is recognized based upon probability assessments of grants that are expected to vest in future periods.  This graded vesting performance condition requires compensation expense to be recognized using an accelerated attribution method, which results in more expense recognized in the earliest years of vesting.      Information concerning share-based activity for each of the last three fiscal years ended October 31 is as follows (in thousands, except per share data):Shares Under OptionShares Available For GrantSharesWeighted Average Exercise PriceOutstanding as of October 31, 20223,324 3,629 $59.44 Granted(969)969 $144.72 Exercised— (537)$29.23 Cancelled7 (7)$111.41 Outstanding as of October 31, 20232,362 4,054 $83.74 Granted(65)65 $158.68 Exercised— (672)$27.16 Cancelled12 (12)$114.70 Outstanding as of October 31, 20242,309 3,435 $96.14 Granted(733)733 $218.94 Exercised— (512)$47