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Willard D. Oberton, born in 1957, has made a notable impact in the business world as the CEO of Fastenal Company and Donaldson Company, Inc. He started his journey with Fastenal in 1980, working his way up through various roles,...

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Willard D. Oberton

Ex-CEO of Fastenal

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1957 - 68 years ago

CEO of Fastenal for

0 years 5 months (Jul 2015 - Dec 2015)

Previous Experience

Chairman of the Board since April 2014.

Holdings

See how much did Willard D. Oberton make over time.

Willard D. Oberton has shown a strong belief in his company's growth through his insider trading activities. Starting from September 2019, his reported holdings revealed a steady increase in value, from $31.89 million in September 2019 soaring to $62.10 million...

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Total Stock Sold

$21.38M

DCI

$7.65M

137,900 DCI shares

FAST

$13.73M

650,000 FAST shares

What if they kept their stock?

If Willard D. Oberton didn't sell their stock, today they would have:
Extra DCI137,900 shares worth $5.48M and FAST650,000 shares worth $20.81M.
This is 22.99% and $4.91M more than what they got when they sold the stock.

Charitable Transactions

FAST

409,589 shares

FAST

Recent Charitable Transactions

FAST

100 shares

FAST

Jan 19, 2021

Charity

FAST

9,460 shares

FAST

Dec 31, 2020

Charity

FAST

10,000 shares

FAST

May 11, 2020

Charity

FAST

22,075 shares

FAST

Dec 31, 2019

Charity

FAST

10,000 shares

FAST

Oct 22, 2019

Charity

FAST

9,400 shares

FAST

Dec 31, 2018

Charity

Insider Trading

See recent insider trades of Willard D. Oberton.

DCI

$477.54K

DCI at $68.22/share

Mar 5, 2025

Sale

DCI

$135.90K

DCI at $67.95/share

Jan 2, 2025

Sale

DCI

$45.62K

DCI at $33.65/share

Jan 2, 2025

Received

DCI

$3.76K

DCI at $73.70/share

Oct 4, 2024

Received

DCI

$198.10K

DCI at $73.37/share

Oct 4, 2024

Sale

DCI

$3.78K

DCI at $70.07/share

Jul 5, 2024

Received

DCI

$3.72K

DCI at $74.48/share

Apr 5, 2024

Received

DCI

$330.93K

DCI at $73.54/share

Mar 20, 2024

Sale

DCI

$316.85K

DCI at $70.41/share

Feb 29, 2024

Sale

DCI

$40.75K

DCI at $32.40/share

Jan 2, 2024

Received

Compensation History

See how much did Willard D. Oberton make over time.

Willard D. Oberton's compensation history illustrates the ebb and flow of executive pay linked to company performance. In 2015, he earned a total compensation of $53,000 as interim CEO of Fastenal, a significant decrease compared to previous years where his earnings climbed to over $3 million in 2014, driven mainly by bonuses tied to performance metrics. His strategy involved a modest base salary with considerable performance-based incentives, which aligns executive compensation with company financial goals. However, without meeting certain performance goals, he faced reduced payouts, highlighting the high-stakes nature of executive performance incentives. Over the years, Oberton has managed to balance this compensation philosophy while maintaining a focus on company growth and shareholder value.

Year

2015

Total Compensation

$610.47K

Salary

$572.29K

Board Justification

The compensation philosophy emphasizes fair and equitable treatment, aligning employee interests with those of shareholders, and rewarding performance that drives company growth.

Bonus

$0.00

Board Justification

Cash bonuses earned based on performance metrics related to company-wide pre-tax earnings, with a payout percentage of 0.80% for the period he served as interim president and CEO.

Other

$38.18K

Board Justification

Includes annual profit-based matching contributions to 401(k) plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted to Mr. Oberton in 2015 as he was not in the position long enough to receive any stock grants that vested during the year.

Performance Metrics

Based on growth in pre-tax earnings compared to the previous year.