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Fastenal Company Executive Compensation

FAST · Industrials · FY2025 Data

Fastenal Company is an American company that distributes industrial and construction supplies.

Total Exec Pay FY2025
$4.8M
Highest Paid Executive
$1.3M
Executives Tracked
9
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Data available:FY2025FY2024FY2023

Named Executive Officers — FY2025

ExecutiveYearBaseStockTotal Pay
Jeffery M. Watts
Chief Executive Officer
FY2025$535,658$1.3M
Daniel Florness
President & CEO
FY2025$750,000$861,387
Charles S. Miller
Executive Officer
FY2025$450,000$782,250
John L. Soderberg
President
FY2025$400,008$621,508
Sheryl A. Lisowski
Chief Financial Officer
FY2025$404,549$581,749
Holden Lewis
Chief Financial Officer
FY2025$129,526$420,542
Max H. Tunnicliff
Chief Financial Officer
FY2025$62,708$225,000$287,708
William J. Drazkowski
President
FY2024$390,000$680,119
Terry M. Owen
Chief Financial Officer
FY2023$432,055$795,180

Compensation Analysis

Computed directly from SEC-sourced figures tracked on this page — not a general description.

Fastenal Company discloses FY2025 compensation for 7 named executive officers, totaling $4.8M. Jeffery M. Watts, the Chief Executive Officer, accounts for 26% of that combined total.

Jeffery M. Watts's total compensation rose 157% year-over-year, from $495,938 in FY2024 to $1.3M in FY2025.

Cash compensation (salary plus bonus) made up 57% of Fastenal Company's FY2025 tracked executive pay, with stock awards accounting for 5%.

Among 128 other Industrials companies in this dataset, Fastenal Company's combined tracked executive pay of $4.8M ranks in the 29th percentile (industry median: $12.6M). Its highest-paid executive, Jeffery M. Watts, ranks in the 19th percentile for top-executive pay in the sector (industry median: $7.0M).

Compensation figures on this page for Fastenal Company come directly from its SEC DEF 14A proxy statement(s), filed with the SEC via EDGAR — not from crowdsourced or self-reported salary data.

Historical Compensation Data

ExecutiveYearBaseStockTotal
FY2025$535,658$1.3M
FY2025$750,000$861,387
FY2025$450,000$782,250
FY2025$400,008$621,508
FY2025$404,549$581,749
FY2025$129,526$420,542
FY2025$62,708$225,000$287,708
FY2024$750,000$867,883
FY2024$450,000$784,746
FY2024$430,000$723,214
FY2024$390,000$680,119
FY2024$516,090$495,938
FY2023$750,000$847,284
FY2023$432,055$795,180
FY2023$430,008$742,296
FY2023$430,000$716,259
FY2023$400,008$617,883
FY2023$451,503$268,713
Data Source: Compensation figures are sourced from Fastenal Company's DEF 14A proxy statement filed with the U.S. Securities and Exchange Commission (SEC) via EDGAR. Figures reflect the most recently available fiscal year per executive. See something wrong? Report it.
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