Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 48

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 48
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 and similar fees directly related to the flight. In addition, a further charge equal to 100% of the fuel, oil, lubricants and other additives for the trip is to be charged to each Lessee. The Company retains sole discretion to determine what flights may be scheduled by each Lessee and, under the agreement, the Company’s prior planned use of the aircraft takes precedence over each Lessee’s non-business or personal business use. The arrangement helps to offset the cost of the aircraft when it is not being used by the Company. As there is no incremental cost to the Company for the use of the aircraft by the Lessees, no amount has been included in the Summary Compensation Table with respect to such usage. Occasionally, a spouse or other guest may accompany one of these executives when they are using corporate aircraft for business travel. As there is no incremental cost to the Company for the spouse or other guest accompanying the executive on a flight, no amount has been included in the Summary Compensation Table with respect to that usage. However, due to special tax rules regarding personal use of business aircraft, the Lessees may be treated as receiving taxable income when a spouse or guest(s) accompanies one of them on a business trip.

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TABLE OF CONTENTS

Grants of Plan-Based Awards The 2018 Plan was approved by our Board of Directors and shareholders in fiscal 2018. The 2018 Plan authorizes the Compensation Committee of the Board of Directors to select participants, designate performance periods, authorize performance awards that may be earned by achievement of performance goals during the performance periods, and set the other terms of performance awards. The following table summarizes certain information with respect to grants of awards to the Named Executive Officers of the Company under the 2018 Plan for fiscal 2024.

| Name                 |     |       Payouts Under Non-Equity Incentive Plan 
 Awards for Performance at Specified Levels(1) |     |            |     |            |     |            |
| Threshold            |     |                                        Target |     |    Maximum |     |  Earned(2) |     |            |
| Laurans A. Mendelson |     |                                    $2,469,720 |     | $4,490,400 |     | $6,735,600 |     | $5,264,381 |
|                      |     |                                               |     |            |     |            |     |    856,000 |
|                      |     |                                               |     |            |