FASTENAL CO (FAST)

Sheryl A. Lisowski — Appointment / Compensation Arrangement | Base salary increased from $320,000 to $440,000; Quarterly cash incentive bonus structure: 0.40% of Company-wide quarterly pre-tax income exceeding the prior year's same quarter, and 0.27% of Company-wide quarterly net income exceeding the prior year's same quarter.; Eligible for supplemental bonus under the ROA (Return on Asset) Plan for 2025.; Base salary increase and quarterly incentive bonus are effective from April 17, 2025, through the end of the quarter in which the interim CFO appointment ends.; No additional stock options granted in connection with the interim CFO role; existing option grants retained.

Holden Lewis — Resignation | Provided written notice of resignation on December 23, 2024.; Resignation is effective on April 16, 2025.; Resignation is not due to any disagreement with the Company on any matter relating to operations, policies, or practices, including accounting or financial reporting.; Intends to remain an employee until the Effective Date.; Will assist with the efficient transition of responsibilities to a replacement.

Brady D. Ericson — Director Compensation Arrangement | Will receive a pro rata portion of the annual retainer for his partial year of service.; Will receive a cash payment representing a pro rata portion of an equity award related to attendance at remaining Board meetings for the calendar year.; Compensation will be in accordance with the Company's existing director compensation policy.