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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...

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Laurans A. Mendelson

Founder and CEO of HEICO

Education

Columbia University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

June 1, 1939 - 86 years ago

CEO of HEICO for

15 years 8 months (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.

Holdings

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Laurans A. Mendelson is a major shareholder in HEICO, showcasing his deep investment in the company’s success. As of the latest reports, he holds approximately 1,108,524 shares of Common Stock and 149,024 shares of Class A Common Stock. His holdings...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Laurans A. Mendelson make over time.

In 2023, Laurans A. Mendelson received total compensation of $2,152,555. This included a salary of $1,330,255 and a performance bonus of $815,000 awarded for meeting net income growth targets. His focus has been on cash compensation over stock options, emphasizing immediate performance metrics rather than long-term stock appreciation. Notably, in 2022, he earned an impressive $91 million, which highlights both the company's performance and the risks associated with tying executive pay to financial outcomes. The compensation strategy he follows emphasizes aligning with shareholder interests and ensuring that top executives are rewarded for real growth and profitability, a philosophy that has shaped his approach over the years.

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.