Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 129

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 129
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 cash dividends received on Company common stock.  Vesting in Employer Contributions is based on a participant’s number of Years of Service.  Employer Contributions to the 401(k) Plan charged to income in fiscal 2025, 2024 and 2023 totaled $20.4 million, $17.6 million and $15.3 million, respectively, and were made through the issuance of new shares of Company common stock and the use of forfeited shares within the 401(k) Plan.

102

Information concerning share-based activity pertaining to the 401(k) Plan for each of the last three fiscal years ended October 31 is as follows (in thousands):Common StockClass A Common StockShares available for issuance as of October 31, 2022145 145 Issuance of common stock to the 401(k) Plan(48)(48)Shares available for issuance as of October 31, 202397 97 Issuance of common stock to the 401(k) Plan(46)(46)Shares available for issuance as of October 31, 202451 51 Shares registered for issuance to the 401(k) Plan500 500 Issuance of common stock to the 401(k) Plan(40)(40)Shares available for issuance as of October 31, 2025511 511 

13.    REDEEMABLE NONCONTROLLING INTERESTS

    The holders of equity interests in certain of the Company’s subsidiaries have rights (“Put Rights”) that may be exercised on varying dates causing the Company to purchase their equity interests through fiscal 2034.  The Put Rights, all of which relate either to common shares or membership interests in limited liability companies, provide that the cash consideration to be paid for their equity interests (the “Redemption Amount”) be at fair value or at a formula that management intended to reasonably approximate fair value based solely on a multiple of future earnings over a measurement period.  The Redemption Amounts were determined using probability-adjusted internal estimates of future subsidiary earnings while considering the earliest exercise date, the measurement period and any applicable fair value adjustments.  Management's estimate of the aggregate Redemption Amount of all Put Rights that the Company could be required to pay is as follows (in thousands):As of October 31,20252024Redeemable at fair value $356,850 $306,143 Redeemable based on a multiple of future earnings110,508 60,013 Rede