Fastenal Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Dan Florness
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 22.8% |
| CEO tenure | 9yrs |
| CEO ownership | 0.05% |
| Management average tenure | 8.7yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| 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$752m |
Compensation vs Market: Dan's total compensation ($USD3.07M) is below average for companies of similar size in the German market ($USD4.80M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Florness (61 yo)
9yrs
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 | 9yrs | US$3.07m | 0.053% € 21.1m | |
| President & Chief Sales Officer | 1.7yrs | US$1.47m | 0.0010% € 414.5k | |
| Senior EVP & CFO | 8.4yrs | US$1.45m | 0.0017% € 685.5k | |
| Senior Executive Vice President of Information Technology | 10.7yrs | US$1.23m | 0.0026% € 1.0m | |
| Senior Executive Vice President of Sales | 9.2yrs | US$1.60m | 0.0023% € 916.7k | |
| Executive Vice President of Operations | no data | no data | 0.0011% € 438.4k | |
| Executive VP | 11.3yrs | US$342.90k | 0.0013% € 498.2k | |
| VP & General Counsel | no data | no data | no data | |
| Executive VP of Strategy & Communications | less than a year | no data | 0.000030% € 12.0k | |
| Executive Vice President of Human Resources | 1.9yrs | no data | no data | |
| Executive Vice President of Manufacturing | 17.2yrs | US$637.49k | 0.0081% € 3.2m | |
| Executive Vice President of Sales | 8.1yrs | US$1.27m | 0.0020% € 781.1k |
8.7yrs
Average Tenure
53yo
Average Age
Experienced Management: FAS's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9yrs | US$3.07m | 0.053% € 21.1m | |
| Director | 5.3yrs | US$150.00k | 0.087% € 34.8m | |
| Director | 24.6yrs | US$125.00k | 0.0035% € 1.4m | |
| Independent Chair of the Board | 16yrs | US$200.00k | 0.0044% € 1.7m | |
| Independent Director | 12.5yrs | US$170.00k | 0.0035% € 1.4m | |
| Independent Director | 3.4yrs | US$150.00k | 0.00035% € 139.5k | |
| Independent Director | 8.7yrs | US$150.00k | 0.0019% € 737.3k | |
| Independent Director | 16yrs | US$170.00k | 0.0059% € 2.3m | |
| Independent Director | 9.6yrs | US$170.00k | 0.0018% € 697.5k | |
| Independent Director | 4.4yrs | US$150.00k | 0.00070% € 279.0k | |
| Independent Director | 1.6yrs | US$75.00k | 0% € 0 |
9.0yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FAS's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 16:20 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fastenal Company is covered by 41 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| David Manthey | Baird |
| Scott Davis | Barclays |