FAST - Insider Move: James Jansen Exercises Options Realizing $261K At Fastenal | Benzinga
A significant insider transaction involving the exercise of company stock options was reported on December 11, by James Jansen, Executive Vice President at Fastenal (NASDAQ:FAST), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday revealed that Jansen, Executive Vice President at Fastenal in the Industrials sector, exercised stock options for 6,290 shares of FAST stock. The exercise price of the options was $21.0 per share.
During Monday's morning session, Fastenal shares up by 0.9%, currently priced at $62.85. Considering the current price, Jansen's 6,290 shares have a total value of $261,035.
All You Need to Know About Fastenal
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
Key Indicators: Fastenal's Financial Health
Revenue Growth: Fastenal's revenue growth over ...