Company: HEI-A
Filing Date: 2025-01-31
Form Type: DEF 14A
Source: 0001140361-25-002543
Chunk: 40

Company: HEICO CORP
Filing Date: 2025-01-31
Form: DEF 14A
Chunk 40
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 increase over these Financial Metrics in fiscal year 2023. Recognizing that any increase in these Financial Metrics deserves recognition, but that lower than targeted results deserves less than the targeted bonus, the Committee reduces the bonus from target by 10.0% for every percent that these Financial Metrics were below the target. Conversely, if these Financial Metrics were greater than targeted, the executives’ bonuses could be increased by slightly less than half of the rate by which the bonuses decrease if these Financial Metrics were below the target, or 2.0%, for every percentage point increase in the actual Financial Metrics above the targeted amount. Bonus payments are capped at 300% of each salary for the Lead NEOs. See our “Grants of Plan-Based Awards” table below for our threshold, target and maximum rewards levels under the HEICO Corporation 2018 Incentive Compensation Plan (the “2018 Plan”). Our actual Financial Metrics in fiscal year 2024 increased by 9.2%, 20.2% and 36.2%, respectively, over Bonus Targets and were $514,109,000, $1,002,230,000 and $672,370,000, respectively. Accordingly, since our actual Financial Metrics exceeded our Bonus Targets, on a weighted basis, the non-equity incentive compensation amounts set forth in the compensation tables below were paid to the Lead NEOs. The targets were not changed during the year. The following table summarizes the fiscal 2024 Threshold, Target, Actual and Maximum Financial Metrics discussed in the preceding paragraph.

|                                              |     | Weighting |     |    Threshold |     | Weighted |     |       Target |     | Weighted |     |         Maxium |     | Weighted |     |         Actual |     | Weighted |
| % increase required over fiscal year 2023(1) |     |           |     |         5.0% |     |          |     |        10.0% |     |          |     |          37.5% |     |          |     |                |     |          |
| Net Income attributable to HEICO             |     | 40.0%     |     | $449,283,000 |     | 38.2%    |     | $470,677,000 |     | 40.0%    |     |   $588,347,000 |     | 50.0%    |     |   $514,109,000 |     |