Fastenal Company CEO Daniel Florness' 2018 pay rises 19% to $2.4M

Fastenal Company reports 2018 executive compensation

Published: February 25, 2019

Fastenal Company reported fiscal year 2018 executive compensation information on February 25, 2019.

In 2018, five executives at Fastenal Company received on average a compensation package of $1.6M, a 25% increase compared to previous year.

Average pay of disclosed executives at Fastenal Company

Daniel L. Florness, Chief Executive Officer, received $2.4M in total, which increased by 19% compared to 2017. 58.60% of Florness' compensation, or $1.4M, was in non-equity incentive plan. Florness also received $410.3K in option awards, $592.5K in salary, as well as $2.8K in other compensation.

For fiscal year 2018, the median employee pay was $39,229 at Fastenal Company. Therefore, the ratio of Daniel L. Florness' pay to the median employee pay was 62 to one.

Terry M. Owen, Senior Executive Vice President - Sales Operations, received a compensation package of $1.5M, which increased by 20% compared to previous year. 60.71% of the compensation package, or $911.2K, was in non-equity incentive plan.

Jeffery M. Watts, Executive Vice President International Sales, earned $1.4M in 2018, a 29% increase compared to previous year.

Reyne K. Wisecup, Senior Executive Vice President - Human Resources, received $1.3M in 2018, which increases by 30% compared to 2017.

Holden Lewis, Chief Financial Officer, earned $1.1M in 2018, a 8% increase compared to previous year.