In 2023, Daniel L. Florness earned $833.22K in total compensation at Fastenal, including $750.00K salary and $80.00K bonus. Most recently sold 31,818 shares in Nov 2024. Currently holds stock worth $24.09M. Has donated $622.50K in stock to charitable causes. Led Fastenal as CEO for 7 years.
Compensation History
Annual executive compensation data for Daniel L. Florness, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$833.22K
Salary
$750.00K
Bonus
$80.00K
Other
$3.22K
Salary
$750.00KBoard Justification
The compensation philosophy emphasizes fair and equitable treatment, aligning employee interests with shareholder value, and rewarding performance that contributes to company growth.
Bonus
$80.00KBoard Justification
Quarterly bonuses based on improvements in asset management relative to the prior year, totaling $80,000 for 2023.
Other Compensation
$3.22KBoard Justification
Annual profit-based matching contributions to the 401(k) plan.
Restricted Stock
Board Justification
No stock awards vested in 2023.
Performance Metrics
Compensation based on growth in pre-tax earnings and net earnings compared to the same quarter of the previous year.
Daniel L. Florness
Ex-CEO of Fastenal
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Industrials
Born
January 1, 1965 - 60 years ago
CEO of Fastenal for
7 years 9 months (Jan 2016 - Oct 2023)
Previous Experience
Chief Financial Officer since June 1996.
Holdings
Track Daniel L. Florness's stock holdings and portfolio value over time.
Total Stock Sold
$15.66M
$15.66M
774,124 FAST shares
What if they kept their stock?
If Daniel L. Florness didn't sell their stock, today they would have:
Extra FAST774,124 shares worth $32.13M.
This is 105.13% and $16.47M more than what they got when they sold the stock.
Charitable Transactions
15,000 shares
FAST
Recent Charitable Transactions
3,500 shares
FAST
Nov 27, 2024
Charity
4,000 shares
FAST
Jan 3, 2017
Charity
Insider Trading
Daniel L. Florness's recent stock transactions, purchases, and sales filed with the SEC.
3,500 shares
FAST
Nov 27, 2024
Charity
$2.69M
FAST at $84.50/share
Nov 11, 2024
Sale
$3.48M
FAST at $69.68/share
Sep 12, 2024
Sale
$3.12M
FAST at $68.14/share
Aug 21, 2024
Sale
$1.17M
FAST at $60.02/share
Nov 30, 2023
Sale
$1.20M
FAST at $60.21/share
Nov 14, 2023
Sale
$238.13K
FAST at $47.63/share
Sep 14, 2022
Purchase
$482.71K
FAST at $38.62/share
May 8, 2020
Sale
$286.50K
FAST at $38.20/share
Feb 12, 2020
Sale
$1.44M
FAST at $36.00/share
Oct 14, 2019
Sale
Rivals
Compare Daniel L. Florness with competitor CEOs and industry peers.
Donald G. Macpherson
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$6.63M
Salary
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Bonus
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Deidra C. Merriwether
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2023 Compensation
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$0.00
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$110.88K
Total Holdings
$33.70M
Mark W. Sheahan
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2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Marvin R. Ellison
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2024 Compensation
Stock
$15.74M
Salary
$1.49M
Bonus
$0.00
Other
$2.94M
Total Holdings
$4.93M
Erik Gershwind
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2023 Compensation
Stock
$0.00
Salary
$825.45K
Bonus
$826.58K
Other
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Total Holdings
$268.86M