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Daniel L. Florness received $1.7M in total compensation as Chief Executive Officer of FASTENAL CO in FY2024. The largest component was $868K in option awards. That’s down 46% from FY2023. Source: SEC DEF 14A.
In fiscal year 2024, Daniel L. Florness, Chief Executive Officer of FASTENAL CO (FAST), received total compensation of $1.7 million.
Daniel L. Florness's compensation breakdown includes: base salary of $750K, option awards of $868K, non-equity incentive compensation of $75K, and other compensation of $3K.
Compared to fiscal year 2023, Daniel L. Florness's total compensation decreased 46% from $3.1 million to $1.7 million.
FASTENAL CO's top 5 named executive officers received combined total compensation of $5.1 million in fiscal year 2024.
The named executive officers disclosed in FASTENAL CO's 2024 proxy statement are:Daniel L. Florness (Chief Executive Officer) with total compensation of $1.7 million, Jeffery M. Watts (Chief Sales Officer) with total compensation of $1.1 million, Charles S. Miller (President - Sales) with total compensation of $848K, Holden Lewis (Chief Financial Officer) with total compensation of $791K, and William J. Drazkowski (President - Sales) with total compensation of $732K.
Chief Executive Officer
51% equity · 49% cash
Based on DEF 14A filed 2025-02-26 · FY2024
Team view
5 executives
Chief Executive Officer
Total PayFY2024
$1.7M
Chief Sales Officer
Total PayFY2024
$1.1M
President - Sales
Total PayFY2024
$848K
Chief Financial Officer
Total PayFY2024
$791K
President - Sales
Total PayFY2024
$732K
FY2024 total compensation breakdown
$1.7M total compensation
Daniel L. Florness earned $1.7M in FY2024 — here's how that breaks down.
$867.9K
51% of total
$750.0K
44% of total
$75.3K
4% of total
$2.8K
0% of total
Activity timeline · FY2024
Recent events from filings
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Pay changes vs. stock performance
Recent insider trades by officers and directors
~150 trades
For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | Daniel L. Florness Chief Executive Officer | $0.75M | $0.08M | $0.00M | $0.87M | $0.00M | $1.70M |
| 2023 | Daniel L. Florness Chief Executive Officer | $0.75M | $1.52M | $0.00M | $0.85M | $0.00M | $3.12M |
| 2022 | Daniel L. Florness Chief Executive Officer | $0.75M | $4.07M | $0.00M | $0.62M | $0.00M | $5.44M |
| 2021 | Daniel L. Florness Chief Executive Officer | $0.72M | $1.17M | $0.00M | $0.54M | $0.00M | $2.42M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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