Form 4: Heico Corp Co-President Eric Mendelson Reports Stock Sale
SEC Form 4 Filing
Eric Mendelson, Co-President of Heico Corp, reports the sale of 8,864 shares of Class A Common Stock at an average price of $180.5386.
Summary
- On July 8, 2024, Eric A. Mendelson, Co-President of HEICO CORP, sold 8,864 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $180.5386, with individual trades ranging from $180.12 to $180.83.
- Following the transaction, Mendelson directly owns 1,170,191 shares of Common Stock and 222,401 shares of Class A Common Stock.
- Mendelson also indirectly owns shares through various entities including a Keogh Account, trusts, Mendelson International Corporation, EAM Management Limited Partners, as custodian for minor children, and through the HEICO Corporation 401(k) and 409A Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on market perception of insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of HEICO Corporation 401(k) plan statement. |
| 07/08/2024 | Date of the transaction (stock sale). |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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