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Fastenal Management
Management criteria checks 4/4
Fastenal's CEO is Dan Florness, appointed in Jan 2016, has a tenure of 8.58 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 €18.26M. The average tenure of the management team and the board of directors is 8.6 years and 8.6 years respectively.
Key information
Dan Florness
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 22.8% |
| CEO tenure | 8.6yrs |
| CEO ownership | 0.05% |
| Management average tenure | 8.6yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$1b |
| 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 below average for companies of similar size in the BG market ($USD4.41M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Florness (61 yo)
8.6yrs
Tenure
US$3,070,507
Compensation
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer and Director at Fastenal Company since January 1, 2016 and served as its President since January 1, 2016 until August 01, 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.6yrs | US$3.07m | 0.054% € 18.3m | |
| President & Chief Sales Officer | 1.3yrs | US$1.47m | 0.0010% € 354.1k | |
| Senior EVP & CFO | 8yrs | US$1.45m | 0.0017% € 589.1k | |
| Senior Executive Vice President of Information Technology | 10.3yrs | US$1.23m | 0.0027% € 902.4k | |
| Senior Executive Vice President of Sales | 8.8yrs | US$1.60m | 0.0023% € 783.2k | |
| Executive Vice President of Operations | no data | no data | 0.0011% € 367.8k | |
| Executive VP | 10.8yrs | US$342.90k | 0.0012% € 422.2k | |
| VP & General Counsel | no data | no data | no data | |
| Executive Vice President of Human Resources | 1.5yrs | no data | no data | |
| Executive Vice President of Manufacturing | 16.8yrs | US$470.84k | 0.0080% € 2.7m | |
| Executive Vice President of Sales | 7.7yrs | US$1.27m | 0.0019% € 660.6k | |
| Financial Reporting & Regulatory Compliance Accountant | no data | no data | no data |
8.6yrs
Average Tenure
53yo
Average Age
Experienced Management: FAS's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.6yrs | US$3.07m | 0.054% € 18.3m | |
| Director | 4.8yrs | US$150.00k | 0.089% € 30.5m | |
| Director | 24.2yrs | US$125.00k | 0.0035% € 1.2m | |
| Independent Chair of the Board | 15.6yrs | US$200.00k | 0.0044% € 1.5m | |
| Independent Director | 12.1yrs | US$170.00k | 0.0035% € 1.2m | |
| Independent Director | 3yrs | US$150.00k | 0.00035% € 119.2k | |
| Independent Director | 8.3yrs | US$150.00k | 0.0019% € 630.0k | |
| Independent Director | 15.6yrs | US$170.00k | 0.0060% € 2.1m | |
| Independent Director | 9.2yrs | US$170.00k | 0.0018% € 595.9k | |
| Independent Director | 4yrs | US$150.00k | 0.00070% € 238.4k | |
| Independent Director | 1.2yrs | US$75.00k | 0% € 0 |
8.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FAS's board of directors are considered experienced (8.6 years average tenure).