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The charts on this page feature a breakdown of the total annual pay for the top executives at FASTENAL CO as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. FASTENAL CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. FASTENAL CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Daniel L. Florness
President and Chief Executive Officer
Total Cash $2,265,000 Equity $847,284 Other $3,223 Total Compensation $3,115,507
Terry M. Owen
Former Chief Operating Officer
Total Cash $1,135,388 Equity $363,125 Other $0 Total Compensation $1,498,513
Jeffery M. Watts
Chief Sales Officer
Total Cash $1,201,219 Equity $268,713 Other $0 Total Compensation $1,469,932
Holden Lewis
Senior Executive Vice President and Chief Financial Officer
Total Cash $1,158,350 Equity $286,259 Other $3,223 Total Compensation $1,447,832
Charles S. Miller
Senior Executive Vice President - Sales
Total Cash $1,282,821 Equity $312,288 Other $3,223 Total Compensation $1,598,332
John L. Soderberg
Senior Executive Vice President - Information Technology
Total Cash $1,013,008 Equity $217,875 Other $3,223 Total Compensation $1,234,106
For its 2023 fiscal year, FASTENAL CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Daniel L. Florness CEO Pay $3,115,507 Median Employee Pay $46,393 CEO Pay Ratio 67:1
For its 2023 fiscal year, FASTENAL CO, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Daniel L. Johnson Total Cash $150,000
Hsenghung Sam Hsu Total Cash $150,000
Irene A. Quarshie Total Cash $75,000
Michael J. Ancius Total Cash $170,000
Nicholas J. Lundquist Total Cash $150,000
Reyne K. Wisecup Total Cash $125,000
Rita J. Heise Total Cash $170,000
Sarah N. Nielsen Total Cash $150,000
Scott A. Satterlee Total Cash $200,000
Stephen L. Eastman Total Cash $170,000

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.