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Fastenal Co (NASDAQ:FAST) Executive Vice President of Sales William Joseph Drazkowski sold 6,842 shares of common stock on August 15, 2025, at a price of $48.6717, totaling $333,011. The sale comes as the stock trades near its 52-week high of $49.26, having delivered a strong 32% return over the past six months.
According to a Form 4 filing with the Securities and Exchange Commission, Drazkowski also exercised options to acquire 6,842 shares of Fastenal common stock at $19 per share, for a total value of $129,998.
Following these transactions, Drazkowski directly owns 11,994 shares of Fastenal. Additionally, he indirectly owns 10,600 shares through the company’s 401(k) plan, which includes an additional 58 stock split adjusted securities acquired since his previous report on April 15, 2025.
The option will fully vest and become exercisable over a period of five years, with 40% vesting and becoming exercisable two years following the date of grant and the remainder vesting and becoming exercisable proportionately (20%) each year thereafter.
John J. Milek, Attorney-in-Fact, signed the document on August 18, 2025, on Drazkowski’s behalf.
In other recent news, Fastenal reported strong second-quarter 2025 earnings, with earnings per share of $0.29, exceeding the forecast of $0.28 and aligning with BofA Securities’ estimate. The company’s revenue reached $2.08 billion, slightly surpassing expectations, and its performance was bolstered by better-than-anticipated sales, gross margins, and operating margins. Following these results, Baird upgraded Fastenal’s stock rating from Neutral to Outperform, citing expectations of accelerated growth due to strategic changes. BofA Securities also raised its price target on Fastenal to $49.00 while maintaining a Buy rating, reflecting confidence in the company’s recent performance. Additionally, UBS maintained its Neutral rating with a $41.00 price target, acknowledging Fastenal’s accelerating sales growth, which showed a year-over-year increase of 8.6%. JPMorgan raised its price target to $41.00 from $38.00, maintaining a Neutral rating, and noted improved gross margins in the quarter. These developments indicate a positive outlook from analysts, with firms like Baird and BofA Securities showing increased confidence in Fastenal’s growth trajectory.
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