Fastenal Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Dan Florness (59 yo)

6.83yrs

Tenure

US$2,423,614

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...


CEO Compensation Analysis

How has Dan Florness's remuneration changed compared to Fastenal's earnings?
DateTotal Comp.SalaryCompany Earnings
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

Sep 30 2017n/an/a

US$541m

Jun 30 2017n/an/a

US$525m

Mar 31 2017n/an/a

US$507m

Dec 31 2016US$2mUS$550k

US$499m

Sep 30 2016n/an/a

US$497m

Jun 30 2016n/an/a

US$506m

Mar 31 2016n/an/a

US$515m

Dec 31 2015US$962kUS$430k

US$516m

Compensation vs Market: Dan's total compensation ($USD2.42M) is below average for companies of similar size in the US market ($USD12.88M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Florness
President6.83yrsUS$2.42m0.053%
$ 15.9m
Holden Lewis
Executive VP & CFO6.25yrsUS$1.16m0.0017%
$ 501.1k
Terry Owen
Senior Executive Vice President of Sales Operations8.5yrsUS$1.49m0.0015%
$ 453.1k
Reyne Wisecup
Senior EVP of Human Resources & Director15yrsUS$42.50k0.0035%
$ 1.0m
William Drazkowski
Executive Vice President of Sales5.92yrsUS$1.27m0.0020%
$ 612.1k
Jeffery Watts
Executive Vice President of International Sales5.92yrsUS$1.52m0%
$ 0
Sheryl Lisowski
Executive VP9.08yrsUS$342.90k0.0012%
$ 369.1k
John Milek
VP & General Counselno datano datano data
Ellen Stolts
Financial Reporting & Regulatory Compliance Managerno datano datano data
James Jansen
Executive Vice President of Manufacturing15yrsUS$637.49k0.0078%
$ 2.4m
John Soderberg
Senior Executive Vice President of Information Technology8.5yrsno data0.0025%
$ 756.2k
Charles Miller
Senior Executive Vice President of Sales7yrsUS$925.35k0.0035%
$ 1.1m

7.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: FAST's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Florness
President6.83yrsUS$2.42m0.053%
$ 15.9m
Reyne Wisecup
Senior EVP of Human Resources & Director22.42yrsUS$42.50k0.0035%
$ 1.0m
Nicholas Lundquist
Director3.08yrsUS$101.00k0.089%
$ 26.8m
Scott Satterlee
Independent Chair of the Board13.83yrsUS$200.00k0.0044%
$ 1.3m
Rita Heise
Independent Director10.33yrsUS$155.00k0.0035%
$ 1.0m
Sarah Nielsen
Independent Director1.25yrsUS$29.25k0.00035%
$ 105.0k
Daniel Johnson
Independent Director6.5yrsUS$141.00k0.0019%
$ 555.1k
Michael Ancius
Independent Director13.83yrsUS$170.00k0.0061%
$ 1.8m
Stephen Eastman
Independent Director7.42yrsUS$141.00k0.0018%
$ 525.1k
Hsenghung Hsu
Independent Director2.25yrsUS$133.00k0.00052%
$ 156.0k

7.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: FAST's board of directors are considered experienced (7.1 years average tenure).