MENDELSON VICTOR H 4

What Happened

• Victor H. Mendelson, a reported 10% owner of HEICO Corporation (HEI / HEI.A), was credited with 10,000 derivative shares on May 27, 2026 — recorded as an award/acquisition at $0.00. Footnote disclosure indicates this represents the vesting of the first tranche (20%) of performance-based stock options originally granted March 14, 2025.

Key Details

• Transaction date: May 27, 2026; Form filed May 29, 2026 (timely).
• Transaction type/code: Award/Grant (A); 10,000 derivative shares recorded at $0.00.
• Vesting/rights: These are performance-based options; first tranche (20%) vested upon Compensation Committee certification. Options become exercisable 20% per year over five years from the grant (per footnotes F7 and F8).
• Shares owned after transaction: Not explicitly listed in the summary data; filing includes multiple footnotes (F1–F6) showing holdings in trusts, partnerships and company plans controlled by or for the benefit of Mendelson.
• Notable footnotes: F1–F6 describe shares held through Mendelson-controlled entities, trusts, the HEICO 401(k), and the Leadership Compensation Plan; F8 confirms vesting was tied to performance certification.

Context

• This filing documents vesting of performance-based options, not an open-market purchase or sale; no cash changed hands on vesting and there is no indication shares were sold immediately. For retail investors, awards/vestings show insider alignment with company compensation but aren't a direct buy/sell signal. As a 10% owner, Mendelson’s holdings reflect long-term and entity-level ownership structures rather than routine executive trading.