Form 4: HEICO Corp Co-President Victor Mendelson Reports Changes in Beneficial Ownership

Victor Mendelson, Co-President of HEICO Corp, reports changes in beneficial ownership of HEI and HEI.A stock, including acquisitions, disposals, and indirect holdings through various entities.

Summary

• Victor H. Mendelson, Co-President of HEICO Corp, filed a Form 4 with the SEC detailing changes in his beneficial ownership of HEICO Corp stock.
• The report indicates transactions and holdings in both Common Stock and Class A Common Stock.
• As of June 28, 2024, Mendelson directly owns 1,180,004 shares of Common Stock and 225,802 shares of Class A Common Stock.
• He also holds shares indirectly through a corporation, partnership, as custodian for children, through a 401(k) plan, a Keogh account, and various trusts.
• The filing includes details of shares acquired, disposed of, and beneficially owned following the reported transactions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports transactions and holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It allows investors to monitor the actions of key executives and their alignment with company performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key executive.
• It can influence investor sentiment depending on the nature and volume of transactions reported.

Key Dates