Form 4: HEICO CFO Exercises Options, Sells Shares

HEICO's EVP-CFO and Treasurer, Carlos L. Macau, exercised stock options and subsequently sold a portion of the acquired shares on October 31, 2025.

Summary

• Carlos L. Macau, EVP-CFO & Treasurer of HEICO Corp, reported transactions on October 31, 2025.
• Mr. Macau exercised options to acquire 40,000 shares of Class A Common Stock at an exercise price of $38.3744 per share.
• He disposed of 19,022 shares of Class A Common Stock at a price of $247.73 per share, likely for tax withholding purposes related to the option exercise.
• Following these transactions, Mr. Macau directly owns 156,316 shares of Class A Common Stock.
• Indirect beneficial ownership includes 2,000 shares held by his sons and 4,055 shares held in the HEICO Corporation 401k plan.
• Mr. Macau retains beneficial ownership of several other stock options, including 57,656 options with an exercise price of $38.3744, 62,500 options at $56.24, 50,000 options at $120.32, 25,000 options at $129.79, and 25,000 options at $163.61.

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions involving option exercise and subsequent share disposition, likely for tax purposes. It does not inherently indicate a strong positive or negative sentiment regarding the company's future performance.

Positives

• The executive exercised a significant number of options (40,000 shares), indicating the options were in-the-money and potentially reflecting confidence in the company's long-term value from the perspective of the option grant.
• The exercise price of $38.3744 is substantially lower than the sale price of $247.73, demonstrating a significant gain on the exercised options.

Negatives

• The disposition of 19,022 shares, while likely for tax obligations associated with the option exercise, represents a reduction in direct share ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and ownership changes, which is standard for public companies and allows investors to track insider activity.

Next Steps

• Continued vesting and potential exercise of remaining stock options by Carlos L. Macau.
• Ongoing beneficial ownership of HEICO Corp securities by the EVP-CFO & Treasurer.

Key Dates

Keywords

HEICO Corp, HEI, HEI.A, Carlos L. Macau, insider transaction, Form 4, stock options, executive compensation, share sale, beneficial ownership