HEICO CEO Laurans Mendelson's 2019 pay jumps 51% to $10M
HEICO reports 2019 executive compensation
By ExecPay News
Published: January 31, 2020
HEICO reported fiscal year 2019 executive compensation information on January 31, 2020.
In 2019, five HEICO executives received on average a compensation package of $4.3M, a 21% decrease compared to previous year.
Average pay of disclosed executives at HEICO
Laurans A. Mendelson, Chief Executive Officer, received $10M in total, which increased by 51% compared to 2018. 38% of Mendelson's compensation, or $3.9M, was in non-equity incentive plan. Mendelson also received $3.4M in option awards, $1.1M in salary, as well as $1.8M in other compensation.
For fiscal year 2019, the median employee pay was $60,046 at HEICO. Therefore, the ratio of Laurans A. Mendelson's pay to the median employee pay was 170 to one.
Victor H. Mendelson, Chief Executive Officer, received a compensation package of $4M, which decreased by 49% compared to previous year. 46% of the compensation package, or $1.8M, was in non-equity incentive plan.
Eric A. Mendelson, Chief Executive Officer, earned $4M in 2019, a 49% decrease compared to previous year.
Carlos L. Macau, Jr, Chief Financial Officer, received $2.7M in 2019, which decreases by 35% compared to 2018.
Steven M. Walker, Chief Accounting Officer, earned $683K in 2019, a 17% decrease compared to previous year.
HEICO's fiscal year ends on October 31.
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Source: SEC filing on January 31, 2020.