Fastenal Company CEO Daniel Florness' 2018 pay rises 19% to $2.4M
Fastenal Company reports 2018 executive compensation
By ExecPay News
Published: February 28, 2020
Fastenal Company reported fiscal year 2018 executive compensation information on February 28, 2020.
In 2018, six executives at Fastenal Company received on average a compensation package of $1.5M, a 17% increase compared to previous year.
Average pay of disclosed executives at Fastenal Company
Daniel L. Florness, Chief Executive Officer, received $2.4M in total, which increased by 19% compared to 2017. 59% of Florness' compensation, or $1.4M, was in non-equity incentive plan. Florness also received $410K in option awards, $593K in salary, as well as $2.8K 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 $1.5M, which increased by 20% compared to previous year. 61% of the compensation package, or $911K, was in non-equity incentive plan.
Jeffery M. Watts, Executive Vice President International Sales, earned $1.4M in 2018, a 29% increase compared to previous year.
Reyne K. Wisecup, Senior Executive Vice President - Human Resources, received $1.3M in 2018, which increases by 30% compared to 2017.
Holden Lewis, Chief Financial Officer, earned $1.1M in 2018, a 8% increase compared to previous year.
Charles S. Miller, Senior Executive Vice President - Sales, received $1M in 2018, which decreases by 4% compared to 2017.
Related executives
Charles Miller
Fastenal Company
Senior Executive Vice President - Sales
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 28, 2020.