Recent Insider Trading: Fastenal Company

Fastenal Company (NASDAQ:FAST) insider has recently participated in insider trading activity. Interim CFO/CAO/Controlle, Lisowski Sheryl Ann sold 10,000 shares for $433,914 via one transaction Feb 09. Another notable insider trading was done by SATTERLEE SCOTT on Feb 08, who is the Director. The insider acquired 2,500 shares at an average price of $44.04. Moreover, an insider selling of 12,500 shares was carried out by Jansen James C, Executive Vice President, on Feb 08. Following the transaction, the insider now owns 12,588 shares in total. CEO and President FLORNESS DANIEL L sold 60,000 shares for $2,589,960 through one transaction Feb 05. Following this sale, this insider’s stake in the company comprises 41,845 shares, priced at $1801008.8 as of Friday.

The stock has experienced a total of 9 insider trades in the past three months. These trades include 8 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 25 times by insiders. In 14 of these trades, the insider was a seller while an employee of the company was the buyer in just 11 instances.

Fastenal Company (FAST) on January 14, 2016 announced that it reported board of directors declared a dividend of $0.30 per share to be paid in cash on February 26, 2016 to shareholders of record at the close of business on January 29, 2016.

Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our board of directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the board of directors, such as income tax rates related to dividends.

1 The total dividends paid amount includes the estimated impact from this announcement.  The estimate is calculated using the 289.6 million shares outstanding at December 31, 2015.

2    There was a supplemental dividend paid in December 2012, 2010, and 2008.

All share and per share information reflects the two-for-one stock split in 2011.

Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies.