Fastenal: Pay

Fastenal paid its 7 named executives $13.2M in total in FY2025 (Dec). CEO Daniel L. Florness was paid $4.2M of that.

Pay$100 in the stock at the end of FY20 → $182
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Daniel L. FlornessChief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Jeffery M. WattsPresident and Chief Sales Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Charles S. MillerSenior Executive Vice President - Sales
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
John L. SoderbergSenior Executive Vice President - Information Technology
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Sheryl A. LisowskiExecutive Vice President - Chief Accounting Officer and Treasurer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
3 years
Holden LewisFormer Senior Executive Vice President and Chief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Max H. TunnicliffSenior Executive Vice President and Chief Financial Officer
FY2025 (Dec)
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 2 peers with pay on file was $10.5M. The CEO of Fastenal was paid $4.2M, 60% below the median.

  1. 1Genuine Parts
  2. 2Nordson
  3. 3Fastenal
  4. 4Applied Industrial Technologies, Inc.Not disclosed
  5. 5Donaldson Company, Inc.Not disclosed
  6. 6IDEX CorporationNot disclosed
  7. 7MSC Industrial Direct Co., Inc.Not disclosed
  8. 8O'Reilly Automotive, Inc.Not disclosed
  9. 9Tractor Supply CompanyNot disclosed
  10. 10W.W. Grainger, Inc.Not disclosed
  11. 11WESCO International, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.