Fastenal Management

Management criteria checks 4/4

Fastenal's CEO is Dan Florness, appointed in Jan 2016, has a tenure of 8.17 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 $23.65M. The average tenure of the management team and the board of directors is 8.2 years and 8.2 years respectively.

Key information

Dan Florness

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage22.8%
CEO tenure8.2yrs
CEO ownership0.05%
Management average tenure8.2yrs
Board average tenure8.2yrs

Recent management updates

Recent updates

Fastenal: A New Member Of The Dividend Aristocrat Club You Probably Didn't Know

Mar 26

Why You Should Care About Fastenal's (NASDAQ:FAST) Strong Returns On Capital

Mar 06
Why You Should Care About Fastenal's (NASDAQ:FAST) Strong Returns On Capital

Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet

Feb 22
Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet

Analysts Are Updating Their Fastenal Company (NASDAQ:FAST) Estimates After Its Full-Year Results

Feb 09
Analysts Are Updating Their Fastenal Company (NASDAQ:FAST) Estimates After Its Full-Year Results

Fastenal Q4 Earnings: Softer Manufacturing Environment, Shares Adequately Priced

Jan 18

Earnings Not Telling The Story For Fastenal Company (NASDAQ:FAST)

Jan 08
Earnings Not Telling The Story For Fastenal Company (NASDAQ:FAST)

Here's Why We Think Fastenal (NASDAQ:FAST) Might Deserve Your Attention Today

Dec 25
Here's Why We Think Fastenal (NASDAQ:FAST) Might Deserve Your Attention Today

Is Fastenal Company (NASDAQ:FAST) Worth US$63.4 Based On Its Intrinsic Value?

Dec 12
Is Fastenal Company (NASDAQ:FAST) Worth US$63.4 Based On Its Intrinsic Value?

Is It Time To Consider Buying Fastenal Company (NASDAQ:FAST)?

Nov 25
Is It Time To Consider Buying Fastenal Company (NASDAQ:FAST)?

Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Nov 13
Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Is Fastenal (NASDAQ:FAST) Using Too Much Debt?

Oct 30
Is Fastenal (NASDAQ:FAST) Using Too Much Debt?

Should You Be Adding Fastenal (NASDAQ:FAST) To Your Watchlist Today?

Sep 20
Should You Be Adding Fastenal (NASDAQ:FAST) To Your Watchlist Today?

Is Now An Opportune Moment To Examine Fastenal Company (NASDAQ:FAST)?

Aug 24
Is Now An Opportune Moment To Examine Fastenal Company (NASDAQ:FAST)?

Does This Valuation Of Fastenal Company (NASDAQ:FAST) Imply Investors Are Overpaying?

Aug 12
Does This Valuation Of Fastenal Company (NASDAQ:FAST) Imply Investors Are Overpaying?

Fastenal (NASDAQ:FAST) Could Easily Take On More Debt

Jul 31
Fastenal (NASDAQ:FAST) Could Easily Take On More Debt

Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Jul 02
Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Here's Why We Think Fastenal (NASDAQ:FAST) Might Deserve Your Attention Today

Jun 18
Here's Why We Think Fastenal (NASDAQ:FAST) Might Deserve Your Attention Today

Why Fastenal Company (NASDAQ:FAST) Could Be Worth Watching

May 09
Why Fastenal Company (NASDAQ:FAST) Could Be Worth Watching

Fastenal (NASDAQ:FAST) Has A Rock Solid Balance Sheet

Apr 23
Fastenal (NASDAQ:FAST) Has A Rock Solid Balance Sheet

Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Mar 16
Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Here's Why We Think Fastenal (NASDAQ:FAST) Is Well Worth Watching

Mar 04
Here's Why We Think Fastenal (NASDAQ:FAST) Is Well Worth Watching

Fastenal (NASDAQ:FAST) Seems To Use Debt Rather Sparingly

Jan 16
Fastenal (NASDAQ:FAST) Seems To Use Debt Rather Sparingly

Why Fastenal Company (NASDAQ:FAST) Could Be Worth Watching

Dec 13
Why Fastenal Company (NASDAQ:FAST) Could Be Worth Watching

Fastenal (NASDAQ:FAST) Knows How To Allocate Capital

Nov 30
Fastenal (NASDAQ:FAST) Knows How To Allocate Capital

Is Fastenal Company (NASDAQ:FAST) Worth US$51.7 Based On Its Intrinsic Value?

Nov 19
Is Fastenal Company (NASDAQ:FAST) Worth US$51.7 Based On Its Intrinsic Value?

If EPS Growth Is Important To You, Fastenal (NASDAQ:FAST) Presents An Opportunity

Oct 25
If EPS Growth Is Important To You, Fastenal (NASDAQ:FAST) Presents An Opportunity

Fastenal: Built To Last, But Not A Buy Yet

Oct 19

Fastenal GAAP EPS of $0.50 beats by $0.02, revenue of $1.8B beats by $20M

Oct 13

Fastenal (NASDAQ:FAST) Could Easily Take On More Debt

Oct 10
Fastenal (NASDAQ:FAST) Could Easily Take On More Debt

Is It Too Late To Consider Buying Fastenal Company (NASDAQ:FAST)?

Sep 04
Is It Too Late To Consider Buying Fastenal Company (NASDAQ:FAST)?

Fastenal: Good Growth Prospects But Expensive

Aug 28

Estimating The Intrinsic Value Of Fastenal Company (NASDAQ:FAST)

Aug 13
Estimating The Intrinsic Value Of Fastenal Company (NASDAQ:FAST)

Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Aug 02
Fastenal (NASDAQ:FAST) Is Aiming To Keep Up Its Impressive Returns

Fastenal Q2 2022 Earnings Preview

Jul 12

Does Fastenal (NASDAQ:FAST) Have A Healthy Balance Sheet?

Jul 11
Does Fastenal (NASDAQ:FAST) Have A Healthy Balance Sheet?

Fastenal: The Price Isn't Right Just Yet

Jul 05

Fastenal (NASDAQ:FAST) Ticks All The Boxes When It Comes To Earnings Growth

Jun 18
Fastenal (NASDAQ:FAST) Ticks All The Boxes When It Comes To Earnings Growth

At US$52.52, Is Fastenal Company (NASDAQ:FAST) Worth Looking At Closely?

May 27
At US$52.52, Is Fastenal Company (NASDAQ:FAST) Worth Looking At Closely?

A Look At The Intrinsic Value Of Fastenal Company (NASDAQ:FAST)

May 12
A Look At The Intrinsic Value Of Fastenal Company (NASDAQ:FAST)

Fastenal (NASDAQ:FAST) Looks To Prolong Its Impressive Returns

Apr 30
Fastenal (NASDAQ:FAST) Looks To Prolong Its Impressive Returns

Fastenal: Not A Buy Despite Good Growth Prospects

Apr 26

Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet

Apr 08
Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet

CEO Compensation Analysis

How has Dan Florness's remuneration changed compared to Fastenal's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$3mUS$700k

US$1b

Sep 30 2023n/an/a

US$1b

Jun 30 2023n/an/a

US$1b

Mar 31 2023n/an/a

US$1b

Dec 31 2022US$5mUS$700k

US$1b

Sep 30 2022n/an/a

US$1b

Jun 30 2022n/an/a

US$1b

Mar 31 2022n/an/a

US$984m

Dec 31 2021US$2mUS$675k

US$925m

Sep 30 2021n/an/a

US$890m

Jun 30 2021n/an/a

US$868m

Mar 31 2021n/an/a

US$867m

Dec 31 2020US$3mUS$675k

US$859m

Sep 30 2020n/an/a

US$842m

Jun 30 2020n/an/a

US$834m

Mar 31 2020n/an/a

US$799m

Dec 31 2019US$2mUS$600k

US$791m

Sep 30 2019n/an/a

US$781m

Jun 30 2019n/an/a

US$765m

Mar 31 2019n/an/a

US$772m

Dec 31 2018US$2mUS$550k

US$752m

Sep 30 2018n/an/a

US$736m

Jun 30 2018n/an/a

US$681m

Mar 31 2018n/an/a

US$619m

Dec 31 2017US$2mUS$550k

US$579m

Compensation vs Market: Dan's total compensation ($USD3.07M) is below average for companies of similar size in the US market ($USD12.45M).

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


CEO

Dan Florness (60 yo)

8.2yrs

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

NamePositionTenureCompensationOwnership
Daniel Florness
President8.2yrsUS$3.07m0.054%
$ 23.6m
Holden Lewis
Senior EVP & CFO7.6yrsUS$1.45m0.0017%
$ 762.6k
Jeffery Watts
Chief Sales Officerless than a yearUS$1.47m0.0010%
$ 458.5k
John Soderberg
Senior Executive Vice President of Information Technology9.8yrsUS$1.23m0.0027%
$ 1.2m
Charles Miller
Senior Executive Vice President of Sales8.3yrsUS$1.60m0.0023%
$ 1.0m
Anthony Broersma
Executive Vice President of Operationsno datano data0.0011%
$ 476.1k
Sheryl Lisowski
Executive VP10.4yrsUS$342.90k0.0012%
$ 546.6k
John Milek
VP & General Counselno datano datano data
Noelle Oas
Executive Vice President of Human Resources1.1yrsno datano data
James Jansen
Executive Vice President of Manufacturing16.3yrsUS$1.15m0.0080%
$ 3.5m
William Drazkowski
Executive Vice President of Sales7.3yrsUS$1.27m0.0019%
$ 855.2k
Taylor Oborski
Financial Reporting & Regulatory Compliance Accountantno datano datano data

8.2yrs

Average Tenure

52yo

Average Age

Experienced Management: FAST's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Florness
President8.2yrsUS$3.07m0.054%
$ 23.6m
Nicholas Lundquist
Director4.4yrsUS$150.00k0.089%
$ 39.4m
Reyne Wisecup
Director23.8yrsUS$2.10m0.0035%
$ 1.5m
Scott Satterlee
Independent Chair of the Board15.2yrsUS$200.00k0.0044%
$ 1.9m
Rita Heise
Independent Director11.7yrsUS$170.00k0.0035%
$ 1.5m
Sarah Nielsen
Independent Director2.6yrsUS$150.00k0.00035%
$ 154.3k
Daniel Johnson
Independent Director7.8yrsUS$150.00k0.0019%
$ 815.5k
Michael Ancius
Independent Director15.2yrsUS$170.00k0.0060%
$ 2.7m
Stephen Eastman
Independent Director8.8yrsUS$170.00k0.0018%
$ 771.4k
Hsenghung Hsu
Independent Director3.6yrsUS$150.00k0.00052%
$ 229.2k
Irene Quarshie
Independent Directorless than a yearno data0%
$ 0

8.2yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FAST's board of directors are considered experienced (8.2 years average tenure).


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