MENDELSON ERIC A 4
4 · HEICO CORP · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
HEICO (HEI) 10% Owner Eric Mendelson Receives 10,000-Share Award
What Happened
Eric A. Mendelson, reported as a 10% owner of HEICO Corporation (HEI, HEI.A), received an award/derivative acquisition of 10,000 shares on May 27, 2026. The Form 4 records the acquisition at $0.00 (derivative), reflecting the vesting of the first tranche of performance-based stock options rather than a cash purchase or open-market trade. The Compensation Committee certified that the applicable performance conditions for the first measurement interval were met, triggering the first 20% vesting tranche of options originally granted on March 14, 2025.
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 29, 2026 (appears timely; Form 4s are generally due within two business days).
- Transaction type: Award/Acquisition (derivative) — 10,000 shares recorded at $0.00.
- Vesting: This represents the first tranche (20%) of performance-based options granted 3/14/2025 (see F7).
- Exercisability: Options vest/are exercisable at 20% per year over five years from grant (see F6).
- Post-transaction holdings: The filing identifies Mendelson as a 10% owner and discloses additional holdings via trusts and entities (see footnotes F1–F5), but the Form 4 does not report a single consolidated total in this summary.
- Notable footnotes: F1–F5 list shares held via family trusts, Mendelson International Corporation, EAM Management LP, HEICO 401(k) (plan statement dated May 26, 2026), and the HEICO Leadership Compensation Plan (409A). F7 confirms certification of performance conditions that triggered vesting.
Context
This was a vesting/award event for performance-based stock options (a derivative grant), not a cash purchase or sale. No indication in the filing that options were exercised or that any shares were sold immediately (no cashless exercise/sale reported). Gifts and awards like this are routine compensation/ownership mechanics and do not by themselves signal a buy or sell decision by the insider. As a reported 10% owner, Mendelson’s holdings are spread across personal, trust and entity accounts, which is common for significant insiders.
Insider Transaction Report
- Award
Option (Right to purchase Common Stock)
[F7]2026-05-27+10,000→ 10,000 totalExercise: $256.01From: 2026-05-27Exp: 2035-03-14→ Common Stock (10,000 underlying)
- 1,266,407
Common Stock
- 148,891
Class A Common Stock
- 15,227(indirect: By Keogh Account)
Common Stock
- 10,078(indirect: By Keogh Account)
Class A Common Stock
- 427,326(indirect: By Trust)
Common Stock
[F1] - 189,030(indirect: Owned by Corporation)
Class A Common Stock
[F2] - 392,718(indirect: By Partnership)
Common Stock
[F3] - 4,522(indirect: By Children)
Common Stock
- 5,204(indirect: By Children)
Class A Common Stock
- 112,514(indirect: By 401(k))
Common Stock
[F4] - 107,245(indirect: By 401(k))
Class A Common Stock
[F4] - 6,302(indirect: By 409A Plan)
Common Stock
[F5] - 10,042(indirect: By 409A Plan)
Class A Common Stock
[F5] - 115,313
Option (Right to purchase Common Stock)
[F6]Exercise: $44.96Exp: 2027-03-17→ Common Stock (115,313 underlying) - 125,000
Option (Right to purchase Common Stock)
[F6]Exercise: $70.66Exp: 2028-03-16→ Common Stock (125,000 underlying) - 125,000
Option (Right to purchase Common Stock)
[F6]Exercise: $134.70Exp: 2031-09-24→ Common Stock (125,000 underlying) - 62,500
Option (Right to purchase Common Stock)
[F6]Exercise: $163.35Exp: 2033-03-17→ Common Stock (62,500 underlying) - 62,500
Option (Right to purchase Common Stock)
[F6]Exercise: $163.61Exp: 2033-06-09→ Common Stock (62,500 underlying)
Footnotes (7)
- [F1]Represents shares gifted by the Reporting Person to trusts for the benefit of the Reporting Person's immediate family members and whose Trustee is the Reporting Person.
- [F2]Represents shares owned by Mendelson International Corporation whose stock is owned solely by the Reporting Person and Victor Mendelson, the brother of the Reporting Person.
- [F3]Represents shares owned by EAM Management Limited Partners, a partnership whose sole general partner is a corporation controlled by the Reporting Person.
- [F4]Represents shares held for the benefit of the Reporting Person by the HEICO Corporation 401(k), based on a plan statement dated May 26, 2026.
- [F5]Represents shares held for the Reporting Person by the HEICO Leadership Compensation Plan (409A Plan).
- [F6]These options are exercisable at 20% per year over five years from the date of grant.
- [F7]Represents the vesting of the first tranche (20%) of performance-based stock options originally granted on March 14, 2025. Vesting occurred upon certification by the Compensation Committee on May 27, 2026 that the applicable performance conditions for the first measurement interval were achieved.