Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 127

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 127
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.80 Cancelled72 (72)$162.71 Outstanding as of October 31, 20251,648 3,584 $126.81     

100

Information concerning stock options outstanding (all of which are vested or expected to vest) and stock options exercisable by class of common stock as of October 31, 2025 is as follows (in thousands, except per share and contractual life data):Options OutstandingNumber OutstandingWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (Years)AggregateIntrinsicValueCommon Stock1,277 $127.54 5.1$242,967 Class A Common Stock2,307 $126.41 6.2279,977 3,584 $126.81 5.8$522,944 Options ExercisableNumber ExercisableWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (Years)AggregateIntrinsicValueCommon Stock898 $95.63 3.9$199,374 Class A Common Stock1,233 $87.32 4.3197,849 2,131 $90.82 4.1$397,223     Information concerning stock options exercised is as follows (in thousands):Year ended October 31,202520242023Cash proceeds from stock option exercises$13,212 $7,951 $6,713 Tax benefit realized from stock option exercises26,987 13,558 6,101 Intrinsic value of stock option exercises106,116 121,532 63,710     Net income from consolidated operations for the fiscal years ended October 31, 2025, 2024 and 2023 includes compensation expense of $34.4 million, $18.8 million and $15.5 million, respectively, and an income tax benefit of $5.2 million, $2.4 million and $2.0 million, respectively, related to the Company’s stock options.  Substantially all of the stock option compensation expense was recorded as a component of SG&A expenses in the Company’s Consolidated Statements of Operations.  As of October 31, 2025, there was $81.1 million of pre-tax unrecognized compensation expense related to nonvested stock options, which is expected to be recognized over a weighted average period of approximately 2.6 years.  The total fair value of stock options that vested in fiscal 2025