Form 4: Fastenal CFO Holden Lewis Executes Option and Sells Shares
SEC Form 4
Fastenal's CFO, Holden Lewis, exercised stock options and sold 30,000 shares of common stock on October 14, 2024.
Summary
- On October 14, 2024, Holden Lewis, the Chief Financial Officer and Senior Vice President of Fastenal Co., exercised an employee stock option to purchase 30,000 shares of Fastenal common stock at a price of $23.50 per share.
- Simultaneously, Lewis sold 30,000 shares of Fastenal common stock at a price of $76.5229 per share.
- Following these transactions, Lewis directly owns 9,881 shares of Fastenal common stock.
- Lewis also holds options for 21,064 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction of stock options being exercised and shares being sold. It doesn't inherently indicate positive or negative outlook for the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/22/2019 | Fastenal Company common stock split 2-for-1. |
| 10/14/2024 | CFO Holden Lewis exercised stock options and sold shares. |
| 10/16/2024 | Date of signature for the Form 4 filing. |
| 12/31/2026 | Expiration date of the employee stock options. |
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