Laurans A. Mendelson has been at the helm of HEICO Corporation since February 1990, a company he has significantly transformed into a key player in the aerospace and electronic technology sectors. He holds the title of Chairman, President, and Chief...

Current Market Cap

$37.74B

Number of Employees

9.6K

Total Compensation

2018 - 2023

Trending down by -45.09% last year
Showing total compensation for the last 2018 - 2023

Stock

Up by 0.00% last year

Salary

Up by 4.91% last year

Bonus

Down by -83.72% last year

Other

Up by 0.84% last year

Year

2023

Total Compensation

$5.00M

Salary

$1.33M

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance, ensuring competitive pay, and retaining top talent.

Bonus

$815.00K

Board Justification

A fixed amount of $815,000 cash was awarded for achieving a 5% growth in net income attributable to HEICO compared to fiscal 2022.

Other

$2.86M

Board Justification

This includes company contributions to the HEICO Corporation Leadership Compensation Plan, insurance benefits, and other perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for determining compensation included adjusted net income, EBITDA, and operating cash flow.

SEC Filing

From February 2, 2024

Laurans A. Mendelson

Founder and CEO of HEICO

H

Education

Columbia University

Field of Expertise

Business & Management

Born

June 1, 1939 - 85 years ago

Is Founder?

Yes

Current Tenure

15 years 1 month (Oct 2009 - Present)

Previous Experience

Various roles within HEICO Corporation since 1990; Executive Vice President since 2001; President and CEO of HEICO Aerospace Holdings Corp. since 1997; President of HEICO Aerospace Corporation since 1993.