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HEICO CORP·4

May 29, 4:46 PM ET

MENDELSON ERIC A 4

Research Summary

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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.