Fastenal Company CEO Daniel Florness' 2021 pay slips 5% to $2.4M
Fastenal Company reports 2021 executive compensation
By ExecPay News
Published: February 25, 2022
Fastenal Company reported fiscal year 2021 executive compensation information on February 25, 2022.
In 2021, five executives at Fastenal Company received on average a compensation package of $1.6M, a 7% 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 decreased by 5% compared to 2020. 48% of Florness' compensation, or $1.2M, was in non-equity incentive plan. Florness also received $538K in option awards, $718K in salary, as well as $2.8K in other compensation.
For fiscal year 2021, the median employee pay was $40,843 at Fastenal Company. Therefore, the ratio of Daniel L. Florness' pay to the median employee pay was 59 to one.
Jeffery M. Watts, Executive Vice President - International Sales, received a compensation package of $1.5M, which increased by 19% compared to previous year. 67% of the compensation package, or $1M, was in non-equity incentive plan.
Terry M. Owen, Senior Executive Vice President - Sales Operations, earned $1.5M in 2021, a 8% decrease compared to previous year.
William J. Drazkowski, Executive Vice President - Sales, received $1.3M in 2021, which increases by 29% compared to 2020.
Holden Lewis, Chief Financial Officer, earned $1.2M in 2021, a 2% decrease compared to previous year.
Related executives
Daniel Florness
Fastenal Company
Chief Executive Officer
Holden Lewis
Fastenal Company
Chief Financial Officer
Jeffery Watts
Fastenal Company
Executive Vice President - International Sales
Terry Owen
Fastenal Company
Senior Executive Vice President - Sales Operations
William Drazkowski
Fastenal Company
Executive Vice President - Sales
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Source: SEC filing on February 25, 2022.