Fastenal Company CEO Daniel Florness' 2020 pay jumps 44% to $2.5M

Fastenal Company reports 2020 executive compensation

By ExecPay News

Published: February 26, 2021

Fastenal Company reported fiscal year 2020 executive compensation information on February 26, 2021.
In 2020, five executives at Fastenal Company received on average a compensation package of $1.6M, a 46% increase compared to previous year.
Average pay of disclosed executives at Fastenal Company
Daniel L. Florness, Chief Executive Officer, received $2.5M in total, which increased by 44% compared to 2019. 53% of Florness' compensation, or $1.3M, was in non-equity incentive plan. Florness also received $484K in option awards, $718K in salary, as well as $2.8K in other compensation.
For fiscal year 2020, the median employee pay was $38,939 at Fastenal Company. Therefore, the ratio of Daniel L. Florness' pay to the median employee pay was 65 to one.
Terry M. Owen, Senior Executive Vice President - Sales Operations, received a compensation package of $1.6M, which increased by 53% compared to previous year. 58% of the compensation package, or $945K, was in non-equity incentive plan.
Jeffery M. Watts, Executive Vice President - International Sales, earned $1.3M in 2020, a 62% increase compared to previous year.
Reyne K. Wisecup, Senior Executive Vice President - Human Resources, received $1.2M in 2020, which increases by 30% compared to 2019.
Holden Lewis, Chief Financial Officer, earned $1.2M in 2020, a 23% increase compared to previous year.

Related executives

Daniel Florness

Fastenal Company

Chief Executive Officer

Holden Lewis

Fastenal Company

Chief Financial Officer

Terry Owen

Fastenal Company

Senior Executive Vice President - Sales Operations

Jeffery Watts

Fastenal Company

Executive Vice President - International Sales

Reyne Wisecup

Fastenal Company

Senior Executive Vice President - Human Resources

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Source: SEC filing on February 26, 2021.