Fastenal Company reports 2018 executive compensation

CEO Daniel L. Florness receives $2.4M

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 $1,554,911, a 25% increase compared to previous year.

Average pay of disclosed executives at Fastenal Company

Daniel L. Florness, Chief Executive Officer, received $2,429,411 in total, which increased by 19% compared to 2017. 58.60% of Florness' compensation, or $1,423,750, was in non-equity incentive plan. Florness also received $410,317 in option awards, $592,500 in salary, as well as $2,844 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 $1,500,873, which increased by 20% compared to previous year. 60.71% of the compensation package, or $911,200, was in non-equity incentive plan.

Jeffery M. Watts, Executive Vice President International Sales, earned $1,430,154 in 2018, a 29% increase compared to previous year.

Reyne K. Wisecup, Senior Executive Vice President - Human Resources, received $1,292,275 in 2018, which increases by 30% compared to 2017.

Holden Lewis, Chief Financial Officer, earned $1,121,844 in 2018, a 8% increase compared to previous year.