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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
This section should be read in conjunction with our Compensation Discussion and Analysis which provides additional information regarding our compensation philosophy, our performance-based compensation programs structure, and compensation decisions made this year. Under the Dodd-Frank Act, we are required to disclose certain information about the relationship between the compensation deemed “actually paid” to our named executive officers and certain company performance measures. The principal difference between the compensation shown in the Summary Compensation Table and the table below is that the below table adds the change in fair value of unvested option awards as though it was actually paid in that year.
The following table provides information regarding compensation actually paid to our principal executive officer, or PEO, and other named executive officers, or NEOs, during fiscal 2024, 2023, 2022 and 2021, compared to our total shareholder return (TSR) from October 31, 2020 through the end of each such fiscal year and Net Income Attributable to HEICO and EBITDA for each such fiscal year.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal
Year
(a)(1)
 
 
Summary
Compensation
Table Total
for PEO
(b)
 
 
Compensation
Actually Paid
to PEO
(c)(2)
 
 
Average Summary
Compensation Table
Total for Non-PEO
NEOs
(d)
 
 
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(e)(2)
 
 
Value of Initial Fixed $100
Investment Based On:
 
 
Net Income
Attributable
to HEICO
($ millions)(h)(4)
 
 
EBITDA
($ millions)(i)(5)
 
 
HEICO
Common
Stock TSR
(HEI)
(f)(3)
 
 
HEICO
Class A
Common
Stock TSR
(HEI.A)
(f)(3)
 
 
Dow Jones
U.S. Aerospace
Index TSR
(g)(3)
 
 
2024
 
 
​$10,382,143
 
 
​$15,114,365
 
 
$4,510,869
 
 
$10,844,494
 
 
$234.29
 
 
$206.55
 
 
$211.88
 
 
$514.11
 
 
$1,002.23
 
 
2023
 
 
​15,447,501
 
 
​14,651,777
 
 
​9,320,196
 
 
​9,187,638
 
 
​151.36
 
 
​136.58
 
 
​154.08
 
 
​403.60
 
 
​758.31
 
 
2022
 
 
​9,107,291
 
 
10,193,788
 
 
2,651,770
 
 
4,530,704
 
 
155.22
 
 
136.56
 
 
140.93
 
 
351.68
 
 
593.74
 
 
2021
 
 
​9,031,531
 
 
10,903,978
 
 
6,267,191
 
 
9,673,857
 
 
132.86
 
 
134.61
 
 
152.31
 
 
304.22
 
 
487.36
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Our PEO was Laurans A. Mendelson for each year presented and our non-PEO NEOs were Carlos L. Macau, Jr., Eric A. Mendelson, Victor H. Mendelson, and Steven M. Walker for each year presented.
(2)
Compensation Actually Paid does not necessarily reflect compensation actually earned, realized, or received by the PEO or the non-PEO NEOs, but reflects adjustments made to the Summary Compensation Table totals for the PEO and non PEO NEOs in accordance with Item 402(v) of Regulation S-K as set forth below. The valuation assumptions used to calculate fair value, or change in fair value, as applicable, were made in accordance with FASB ASC Topic 718 and the valuation assumptions did not materially differ from those disclosed at the time of the grant.
(3)
The peer group used is the Dow Jones U.S. Aerospace Index, which was also utilized in the Company's stock performance graph in its 2024 Annual Report on Form 10-K. Total shareholder return is calculated by assuming that a $100 investment was made for the four-year period from October 31, 2020 through October 31, 2024. The total shareholder returns include the reinvestment of cash dividends.
(4)
The dollar amounts reflect HEICO's net income as reported in the Company's audited financial statements.
(5)
In the Company's assessment, EBITDA is the most important financial performance measure (other than Net Income Attributable to HEICO and Cash Flow) used by the Company in fiscal 2024 to link Compensation Actually Paid to its NEOs to Company performance.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal
Year
 
 
Summary
Compensation
Table Total
for PEO
 
 
Exclusion of
Summary
Compensation
Table Value of
Option Awards
for PEO
 
 
Inclusion of
Year-End Fair
Value of Option
Awards Granted
During Year
That Remained
Unvested as of
Year-End for PEO
 
 
Change in Fair Value
of Outstanding and
Unvested Option
Awards During Year
 
 
Change in Fair Value
of Option Awards
Granted in Prior Years
that Vested During Year
 
 
Compensation Actually
Paid to PEO
 
 
2024
 
 
​$10,382,143
 
 
$—
 
 
$—
 
 
$3,782,657
 
 
$949,565
 
 
​$15,114,365
 
 
2023
 
 
15,447,501
 
 
(5,946,950)
 
 
5,482,588
 
 
(218,857)
 
 
(112,505)
 
 
14,651,777
 
 
2022
 
 
9,107,291
 
 
—
 
 
—
 
 
941,693
 
 
144,804
 
 
10,193,788
 
 
2021
 
 
9,031,531
 
 
—
 
 
—
 
 
1,486,270
 
 
386,177
 
 
10,903,978
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
 
 
Exclusion of
Average
Summary
Compensation
Table Value of
Option Awards
for Non-PEO NEOs
 
 
Inclusion of
Year-End Fair
Value of Option
Awards Granted
During Year
That Remained
Unvested as of
Year-End for
Non-PEO NEOs
 
 
Change in Fair Value
of Outstanding and
Unvested Option
Awards During Year
 
 
Change in Fair Value
of Option Awards
Granted in Prior Years
that Vested During Year
 
 
Average
Compensation Actually
Paid to Non-PEO NEOs
 
 
2024
 
 
​$4,510,869
 
 
$—
 
 
$—
 
 
$4,967,720
 
 
$1,365,905
 
 
​$10,844,494
 
 
2023
 
 
9,320,196
 
 
(5,485,882)
 
 
5,495,569
 
 
(151,868)
 
 
9,623
 
 
9,187,638
 
 
2022
 
 
2,651,770
 
 
(71,628)
 
 
95,134
 
 
1,565,412
 
 
290,016
 
 
4,530,704
 
 
2021
 
 
6,267,191
 
 
(3,763,625)
 
 
4,050,264
 
 
1,736,295
 
 
1,383,732
 
 
9,673,857
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      
Company Selected Measure Name EBITDA      
Named Executive Officers, Footnote
(1)
Our PEO was Laurans A. Mendelson for each year presented and our non-PEO NEOs were Carlos L. Macau, Jr., Eric A. Mendelson, Victor H. Mendelson, and Steven M. Walker for each year presented.
     
Peer Group Issuers, Footnote
(3)
The peer group used is the Dow Jones U.S. Aerospace Index, which was also utilized in the Company's stock performance graph in its 2024 Annual Report on Form 10-K. Total shareholder return is calculated by assuming that a $100 investment was made for the four-year period from October 31, 2020 through October 31, 2024. The total shareholder returns include the reinvestment of cash dividends.
     
PEO Total Compensation Amount $ 10,382,143 $ 15,447,501 $ 9,107,291 $ 9,031,531
PEO Actually Paid Compensation Amount $ 15,114,365 14,651,777 10,193,788 10,903,978
Adjustment To PEO Compensation, Footnote
(2)
Compensation Actually Paid does not necessarily reflect compensation actually earned, realized, or received by the PEO or the non-PEO NEOs, but reflects adjustments made to the Summary Compensation Table totals for the PEO and non PEO NEOs in accordance with Item 402(v) of Regulation S-K as set forth below. The valuation assumptions used to calculate fair value, or change in fair value, as applicable, were made in accordance with FASB ASC Topic 718 and the valuation assumptions did not materially differ from those disclosed at the time of the grant.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal
Year
 
 
Summary
Compensation
Table Total
for PEO
 
 
Exclusion of
Summary
Compensation
Table Value of
Option Awards
for PEO
 
 
Inclusion of
Year-End Fair
Value of Option
Awards Granted
During Year
That Remained
Unvested as of
Year-End for PEO
 
 
Change in Fair Value
of Outstanding and
Unvested Option
Awards During Year
 
 
Change in Fair Value
of Option Awards
Granted in Prior Years
that Vested During Year
 
 
Compensation Actually
Paid to PEO
 
 
2024
 
 
​$10,382,143
 
 
$—
 
 
$—
 
 
$3,782,657
 
 
$949,565
 
 
​$15,114,365
 
 
2023
 
 
15,447,501
 
 
(5,946,950)
 
 
5,482,588
 
 
(218,857)
 
 
(112,505)
 
 
14,651,777
 
 
2022
 
 
9,107,291
 
 
—
 
 
—
 
 
941,693
 
 
144,804
 
 
10,193,788
 
 
2021
 
 
9,031,531
 
 
—
 
 
—
 
 
1,486,270
 
 
386,177
 
 
10,903,978
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      
Non-PEO NEO Average Total Compensation Amount $ 4,510,869 9,320,196 2,651,770 6,267,191
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,844,494 9,187,638 4,530,704 9,673,857
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Compensation Actually Paid does not necessarily reflect compensation actually earned, realized, or received by the PEO or the non-PEO NEOs, but reflects adjustments made to the Summary Compensation Table totals for the PEO and non PEO NEOs in accordance with Item 402(v) of Regulation S-K as set forth below. The valuation assumptions used to calculate fair value, or change in fair value, as applicable, were made in accordance with FASB ASC Topic 718 and the valuation assumptions did not materially differ from those disclosed at the time of the grant.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
 
 
Exclusion of
Average
Summary
Compensation
Table Value of
Option Awards
for Non-PEO NEOs
 
 
Inclusion of
Year-End Fair
Value of Option
Awards Granted
During Year
That Remained
Unvested as of
Year-End for
Non-PEO NEOs
 
 
Change in Fair Value
of Outstanding and
Unvested Option
Awards During Year
 
 
Change in Fair Value
of Option Awards
Granted in Prior Years
that Vested During Year
 
 
Average
Compensation Actually
Paid to Non-PEO NEOs
 
 
2024
 
 
​$4,510,869
 
 
$—
 
 
$—
 
 
$4,967,720
 
 
$1,365,905
 
 
​$10,844,494
 
 
2023
 
 
9,320,196
 
 
(5,485,882)
 
 
5,495,569
 
 
(151,868)
 
 
9,623
 
 
9,187,638
 
 
2022
 
 
2,651,770
 
 
(71,628)
 
 
95,134
 
 
1,565,412
 
 
290,016
 
 
4,530,704
 
 
2021
 
 
6,267,191
 
 
(3,763,625)
 
 
4,050,264
 
 
1,736,295
 
 
1,383,732
 
 
9,673,857
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      
Compensation Actually Paid vs. Total Shareholder Return
     
Compensation Actually Paid vs. Net Income
     
Compensation Actually Paid vs. Company Selected Measure      
Total Shareholder Return Vs Peer Group
     
Tabular List, Table
Tabular List of Performance Measures
The list below includes the three financial performance measures that in our assessment represent the most important financial performance measures used to link Compensation Actually Paid to our NEOs for 2024 to Company performance.
 
 
 
 
Tabular List
 
 
EBITDA
 
 
Net Income Attributable to HEICO
 
 
​Cash Flow
 
 
 
 
      
Total Shareholder Return Amount $ 234.29 151.36 155.22 132.86
Peer Group Total Shareholder Return Amount 211.88 154.08 140.93 152.31
Net Income (Loss) $ 514,110,000 $ 403,600,000 $ 351,680,000 $ 304,220,000
Company Selected Measure Amount 1,002,230,000 758,310,000 593,740,000 487,360,000
PEO Name Laurans A. Mendelson Laurans A. Mendelson Laurans A. Mendelson Laurans A. Mendelson
Total Shareholder Return Amount, Class A $ 206.55 $ 136.58 $ 136.56 $ 134.61
Measure:: 1        
Pay vs Performance Disclosure        
Name EBITDA      
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Income Attributable to HEICO      
Measure:: 3        
Pay vs Performance Disclosure        
Name Cash Flow      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 (5,946,950) 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 5,482,588 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,782,657 (218,857) 941,693 1,486,270
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 949,565 (112,505) 144,804 386,177
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (5,485,882) (71,628) (3,763,625)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 5,495,569 95,134 4,050,264
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,967,720 (151,868) 1,565,412 1,736,295
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,365,905 $ 9,623 $ 290,016 $ 1,383,732