Form 4: Heico Corp Co-President Eric Mendelson Reports Transaction

Eric Mendelson, Co-President of Heico Corp, reports a transaction involving the purchase of common stock and details of beneficial ownership across various accounts and entities.

Summary

• Eric Mendelson, Co-President of HEICO Corp, filed a Form 4 detailing changes in beneficial ownership.
• On October 18, 2024, Mendelson purchased 726 shares of HEICO Corp common stock at a price of $262.9392 per share.
• The filing also outlines Mendelson's direct and indirect ownership of HEICO Corp stock through various entities, including a Keogh Account, Trusts, Mendelson International Corporation, EAM Management Limited Partners, custodian accounts for minor children, a 401(k) plan, and a 409A plan.
• Mendelson directly owns 1,224,411 shares of Common Stock and 148,891 shares of Class A Common Stock.
• Indirect ownership includes 15,227 shares of Common Stock and 10,078 shares of Class A Common Stock through a Keogh Account.
• Additionally, 427,326 shares of Common Stock and 191,440 shares of Class A Common Stock are held through trusts.
• Mendelson International Corporation owns 392,718 shares of Common Stock, while EAM Management Limited Partners owns 4,522 shares.
• As custodian for minor children, Mendelson holds 5,204 shares of Class A Common Stock and 112,313 shares of Common Stock.
• The HEICO Corporation 401(k) holds 107,015 shares of Class A Common Stock and 6,302 shares of Common Stock for Mendelson's benefit.
• The HEICO Leadership Compensation Plan (409A Plan) holds 9,366 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard reporting of insider transactions. The purchase of shares could be seen as a slightly positive signal, but it's not overwhelmingly significant.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential future strategies.

Stakeholder Impact

• The transaction provides shareholders with insight into the actions of a key executive at HEICO Corp.

Key Dates