Leland J. Hein has been a key figure at Fastenal, stepping up as CEO in January 2015 after a long career with the company. He originally joined Fastenal in 1985 and has held various roles, including President and Executive Vice...
Leland J. Hein has been a key figure at Fastenal, stepping up as CEO in January 2015 after a long career with the company. He originally joined Fastenal in 1985 and has held various roles, including President and Executive Vice President of Sales. His experience in sales is a major asset for leading the company, focusing on growth and customer service. Hein's compensation reflects his responsibilities: in 2015, he earned just over $1.09 million, with a substantial portion tied to performance-based bonuses based on the company’s pre-tax earnings. As he took on the CEO role, his base salary increased to $523,333, but this is still measured against company performance, promoting a culture of accountability. Interestingly, Hein has a notable history of selling stock, reflecting confidence in the company's direction. His insider trades showed significant transaction values, with his highest activity in 2019, peaking at around $5.5 million. This pattern didn’t just stop at selling shares; it shows an ongoing strategy likely related to wealth management. Overall, Hein’s journey in Fastenal showcases the blend of experience, sales focus, and strategic business maneuvers.