Fastenal Management

Management criteria checks 4/4

Fastenal's CEO is Dan Florness, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $3.07M, comprised of 22.8% salary and 77.2% bonuses, including company stock and options. directly owns 0.054% of the company’s shares, worth €19.70M. The average tenure of the management team and the board of directors is 8.3 years and 8.3 years respectively.

Key information

Dan Florness

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage	22.8%
CEO tenure	8.3yrs
CEO ownership	0.05%
Management average tenure	8.3yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Florness's remuneration changed compared to Fastenal's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$3m	US$700k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$5m	US$700k	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$984m
Dec 31 2021	US$2m	US$675k	US$925m
Sep 30 2021	n/a	n/a	US$890m
Jun 30 2021	n/a	n/a	US$868m
Mar 31 2021	n/a	n/a	US$867m
Dec 31 2020	US$3m	US$675k	US$859m
Sep 30 2020	n/a	n/a	US$842m
Jun 30 2020	n/a	n/a	US$834m
Mar 31 2020	n/a	n/a	US$799m
Dec 31 2019	US$2m	US$600k	US$791m
Sep 30 2019	n/a	n/a	US$781m
Jun 30 2019	n/a	n/a	US$765m
Mar 31 2019	n/a	n/a	US$772m
Dec 31 2018	US$2m	US$550k	US$752m
Sep 30 2018	n/a	n/a	US$736m
Jun 30 2018	n/a	n/a	US$681m
Mar 31 2018	n/a	n/a	US$619m
Dec 31 2017	US$2m	US$550k	US$579m

Compensation vs Market: Dan's total compensation ($USD3.07M) is about average for companies of similar size in the Austrian market ($USD4.37M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

CEO

Dan Florness (60 yo)

8.3yrs

Tenure

US$3,070,507

Compensation

Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer, President and Director at Fastenal Company since January 1, 2016. Mr. Florness served as the Chief Financial Officer of Fast...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Florness	President	8.3yrs	US$3.07m	0.054% $ 19.7m
Holden Lewis	Senior EVP & CFO	7.7yrs	US$1.45m	0.0017% $ 635.4k
Jeffery Watts	Chief Sales Officer	less than a year	US$1.47m	0.0010% $ 382.0k
John Soderberg	Senior Executive Vice President of Information Technology	9.9yrs	US$1.23m	0.0027% $ 973.3k
Charles Miller	Senior Executive Vice President of Sales	8.4yrs	US$1.60m	0.0023% $ 844.8k
Anthony Broersma	Executive Vice President of Operations	no data	no data	0.0011% $ 396.7k
Sheryl Lisowski	Executive VP	10.5yrs	US$342.90k	0.0012% $ 455.5k
John Milek	VP & General Counsel	no data	no data	no data
Noelle Oas	Executive Vice President of Human Resources	1.2yrs	no data	no data
James Jansen	Executive Vice President of Manufacturing	16.4yrs	US$1.15m	0.0080% $ 2.9m
William Drazkowski	Executive Vice President of Sales	7.3yrs	US$1.27m	0.0019% $ 712.6k
Taylor Oborski	Financial Reporting & Regulatory Compliance Accountant	no data	no data	no data

8.3yrs

Average Tenure

52yo

Average Age

Experienced Management: FAST's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Florness	President	8.3yrs	US$3.07m	0.054% $ 19.7m
Nicholas Lundquist	Director	4.5yrs	US$150.00k	0.089% $ 32.9m
Reyne Wisecup	Director	23.8yrs	US$2.10m	0.0035% $ 1.3m
Scott Satterlee	Independent Chair of the Board	15.3yrs	US$200.00k	0.0044% $ 1.6m
Rita Heise	Independent Director	11.8yrs	US$170.00k	0.0035% $ 1.3m
Sarah Nielsen	Independent Director	2.7yrs	US$150.00k	0.00035% $ 128.6k
Daniel Johnson	Independent Director	7.9yrs	US$150.00k	0.0019% $ 679.5k
Michael Ancius	Independent Director	15.3yrs	US$170.00k	0.0060% $ 2.2m
Stephen Eastman	Independent Director	8.8yrs	US$170.00k	0.0018% $ 642.8k
Hsenghung Hsu	Independent Director	3.7yrs	US$150.00k	0.00052% $ 191.0k
Irene Quarshie	Independent Director	less than a year	no data	0% $ 0

8.3yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FAST's board of directors are considered experienced (8.3 years average tenure).

Fastenal Management

Management criteria checks 4/4

Key information

Recent management updates

Fastenal Company, Annual General Meeting, Apr 25, 2024

Fastenal Company Appoints Anthony P. Broersma as the Executive Vice President-Operations

Fastenal Company Appoints Quarshie to Serve as A Member of the Audit Committee of the Board

Fastenal Company Appoints Irene A. Quarshie as Independent Director

Fastenal Company Announces Board Changes

Insider recently bought €291k worth of stock

Recent updates

Dividend of US$0.39 announced

Fastenal Company to Report Q1, 2025 Results on Apr 11, 2025

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.52 in 1Q 2023)

Fastenal Company Declares Dividend, Payable May 23, 2024

Now 20% overvalued after recent price rise

Fastenal Company, Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.39 per share at 2.0% yield

Full year 2023 earnings released: EPS: US$2.02 (vs US$1.89 in FY 2022)

Fastenal Company Announces Cash Dividend, Payable on February 29, 2024

Upcoming dividend of US$0.38 per share at 2.3% yield

Fastenal Company Declares A Special One-Time Dividend, Payable on December 20, 2023

Fastenal Company Declares A Special One-Time Dividend, Payable on December 20, 2023

Fastenal Company to Report Q3, 2024 Results on Oct 11, 2024

Upcoming dividend of US$0.35 per share at 2.3% yield

Fastenal Company Appoints Anthony P. Broersma as the Executive Vice President-Operations

Third quarter 2023 earnings released: EPS: US$0.52 (vs US$0.50 in 3Q 2022)

Fastenal Company Announces Cash Dividend, Payable on November 24, 2023

Upcoming dividend of US$0.35 per share at 2.5% yield

Fastenal Company to Report Q2, 2024 Results on Jul 12, 2024

Second quarter 2023 earnings released: EPS: US$0.52 (vs US$0.50 in 2Q 2022)

Fastenal Company Appoints Quarshie to Serve as A Member of the Audit Committee of the Board

Fastenal Company Appoints Irene A. Quarshie as Independent Director

Fastenal Company Announces Board Changes

Upcoming dividend of US$0.35 per share at 2.6% yield

First quarter 2023 earnings released: EPS: US$0.52 (vs US$0.47 in 1Q 2022)

Fastenal Company to Report Q4, 2023 Results on Jan 18, 2024

Full year 2022 earnings released: EPS: US$1.89 (vs US$1.61 in FY 2021)

Fastenal Company Announces Cash Dividend, Payable on March 2, 2023

Insider recently bought €291k worth of stock

Fastenal Company to Report Q3, 2023 Results on Oct 12, 2023

Upcoming dividend of US$0.31 per share

Third quarter 2022 earnings released: EPS: US$0.50 (vs US$0.42 in 3Q 2021)

Fastenal Company Announces Cash Dividend, Payable on November 23, 2022

President recently bought €239k worth of stock

Fastenal Company to Report Q2, 2023 Results on Jul 13, 2023

Upcoming dividend of US$0.31 per share

Second quarter 2022 earnings released: EPS: US$0.50 (vs US$0.42 in 2Q 2021)

Fastenal Company Announces Cash Dividend, Payable on August 24, 2022

Fastenal Company(NasdaqGS:FAST) dropped from Russell 1000 Value-Defensive Index

Upcoming dividend of US$0.31 per share

Fastenal Company to Report Q1, 2023 Results on Apr 13, 2023

First quarter 2022 earnings released: EPS: US$0.47 (vs US$0.37 in 1Q 2021)

Fastenal Company Declares Cash Dividend, Payable on May 25, 2022

Upcoming dividend of US$0.31 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.28 per share

Third quarter 2021 earnings released: EPS US$0.42 (vs US$0.39 in 3Q 2020)

Upcoming dividend of US$0.28 per share

Second quarter 2021 earnings released: EPS US$0.42 (vs US$0.42 in 2Q 2020)

Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.37 (vs US$0.35 in 1Q 2020)

Independent Director recently bought €171k worth of stock

Fastenal Company to Report Q1, 2021 Results on Apr 13, 2021

New 90-day low: €37.95

Full year 2020 earnings released: EPS US$1.50 (vs US$1.38 in FY 2019)

Revenue beats expectations

Independent Director recently bought €98k worth of stock

Upcoming Dividend of US$0.28 Per Share

Revenue beats expectations

Full year 2020 earnings released: EPS US$1.50

New 90-day high: €41.16

Fastenal Company to Report November,2021 Results on Dec 06, 2021

New 90-day high: €40.98

Fastenal Company Announces Directors Changes

Upcoming Dividend of US$0.40 Per Share

Fastenal Company to Report September,2021 Results on Oct 12, 2021

Fastenal Company to Report May,2021 Results on Jun 04, 2021

Director recently bought €76k worth of stock

Third-quarter earnings released: Revenue beats expectations