Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 41

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 41
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2024 grew by approximately 27% over our Net income attributable to HEICO in fiscal 2023 and therefore the cash incentive is included within Laurans A. Mendelson’s non-equity incentive plan compensation amount set forth in the compensation table below. Page 34sets forth the Threshold, Target and Maximum payouts each named executive officer could receive and the amount earned by each named executive officer. Stock Options

| ▪ | Stock options align the shareholders’ and option holders’ interests because the option holders do not receive any gain from their options unless the shareholders experience a gain because HEICO’s share price increases |

| ▪ | Stock options are very important to some executives |

| 28 |     | 2025 PROXY STATEMENT |

TABLE OF CONTENTS

| ▪ | As a result of shareholder feedback in connection with the Company’s 2024 Annual Meeting of Shareholders, as described above in “Shareholder Engagement on Say-on-Pay,” the Committee refrained from issuing options to the NEOs in Fiscal 2024, but intends to resume option issue in Fiscal 2025 |

| ▪ | The Committee stated that future NEO option grants will be performance-based |

| ▪ | The Committee does not take material nonpublic information into account when determining the timing and terms of equity awards.The Company does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation |

Retirement-Related/Long-Term Compensation

| ▪ | We believe our employees, including the named executive officers, should generate retirement funds to ensure that they are not focused on alternative business activities to supplement their incomes |

| ▪ | We want HEICO to remain competitive with compensation offered by other employers |

| ▪ | We wish to demonstrate good faith to our named executive officers by proactively offering them benefits which are typical in the industry or common among benchmark companies before they have to ask for them |

| ▪ | This fosters an environment of mutual trust between the Board of Directors and our employees, including the named executive officers, and serves to enhance the HEICO family culture |

| ▪ | As has been the case in past years, federal tax laws limited the permitted benefits in 2024 to our named executive officers in our 401(k) Plan to a matching rate that was actually less than most of our other employees. Accordingly, our named executive officers were prevented from receiving the maximum percentage benefits available to many other employees under the 401(k) Plan |

Since 1985, HEICO