Form 4: Fastenal EVP Charles Miller Acquires Company Stock

Fastenal EVP Charles Miller acquired 40 shares of common stock.

Summary

• Charles S. Miller, Senior EVP-Sales of Fastenal Co (FAST), reported the acquisition of 40 shares of common stock.
• The shares were acquired in two separate open market purchases: 20 shares on April 7, 2025, and 20 shares on April 14, 2025, both at a price of $39.15 per share.
• Following these transactions, Mr. Miller directly beneficially owns 40 shares of Fastenal common stock.
• Additionally, Mr. Miller indirectly holds 27,301 shares in the issuer's 401(K) Plan.
• The filing indicates a disclaimer of beneficial ownership for shares held in a managed account under the discretion of an investment adviser.
• The Form 4 was signed on January 27, 2026, reporting transactions that occurred in April 2025.

Sentiment

Score: 4

Explanation: While the insider purchase is a minor positive signal, the significant delay in filing the Form 4 is a notable compliance negative, slightly outweighing the small positive of the purchase itself.

Positives

• Insider buying, even in a small amount, can signal management's confidence in the company's future prospects.

Negatives

• The Form 4 was filed significantly late, with transactions from April 2025 reported in January 2026, which is a compliance issue under SEC regulations requiring filings within two business days.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the insider purchase as a minor positive signal of management confidence, but the late filing could raise concerns about corporate compliance.

Key Dates

Recommendation

The purchase of 40 shares by a Senior EVP-Sales, while a positive signal of management confidence, is a relatively small transaction and does not significantly alter the investment thesis for Fastenal. However, the substantial delay in filing the Form 4 introduces a compliance concern. Overall, these factors reinforce a 'hold' position for existing investors rather than prompting a change in investment strategy.

Keywords

Fastenal, FAST, insider trading, Form 4, stock purchase, executive, beneficial ownership