Fastenal Company CEO Daniel Florness' 2019 pay falls 28% to $1.8M
Fastenal Company reports 2019 executive compensation
By ExecPay News
Published: February 26, 2021
Fastenal Company reported fiscal year 2019 executive compensation information on February 26, 2021.
In 2019, seven executives at Fastenal Company received on average a compensation package of $1M, a 31% decrease compared to previous year.
Average pay of disclosed executives at Fastenal Company
Daniel L. Florness, Chief Executive Officer, received $1.8M in total, which decreased by 28% compared to 2018. 40% of Florness' compensation, or $709K, was in non-equity incentive plan. Florness also received $406K in option awards, $643K in salary, as well as $2.5K in other compensation.
For fiscal year 2019, the median employee pay was $45,842 at Fastenal Company. Therefore, the ratio of Daniel L. Florness' pay to the median employee pay was 38 to one.
Terry M. Owen, Senior Executive Vice President - Sales Operations, received a compensation package of $1.1M, which decreased by 29% compared to previous year. 45% of the compensation package, or $482K, was in non-equity incentive plan.
Holden Lewis, Chief Financial Officer, earned $959K in 2019, a 15% decrease compared to previous year.
Charles S. Miller, Senior Executive Vice President - Sales, received $925K in 2019, which decreases by 9% compared to 2018.
Reyne K. Wisecup, Senior Executive Vice President - Human Resources, earned $913K in 2019, a 29% decrease compared to previous year.
Jeffery M. Watts, Executive Vice President - International Sales, received $789K in 2019, which decreases by 45% compared to 2018.
William J. Drazkowski, Executive Vice President - Sales, earned $678K in 2019.
Related executives
Jeffery Watts
Fastenal Company
Executive Vice President - International 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
Charles Miller
Fastenal Company
Senior Executive Vice President - Sales
Reyne Wisecup
Fastenal Company
Senior Executive Vice President - Human Resources
William Drazkowski
Fastenal Company
Executive Vice President - Sales
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Source: SEC filing on February 26, 2021.