Donnalee Kathleen Papenfuss, Executive Vice President of Strategy and Communication at Fastenal Co (NASDAQ:FAST), filed a statement of changes in beneficial ownership on August 17, 2026, reporting option exercises and subsequent share sales that took place on August 13, 2026.

Key Highlights

  • First option exercise: Papenfuss exercised an employee stock option covering 1,364 shares of Common Stock at an exercise price of $13.75 per share on August 13, 2026.
  • Second option exercise: A second option covering 7,894 shares was exercised at an exercise price of $19.00 per share on the same date.
  • Shares sold: All 1,364 shares acquired in the first exercise were sold at $51.4165 per share, and all 7,894 shares from the second exercise were sold at $51.3841 per share.
  • Post-transaction direct holdings: Following both sales, Papenfuss held 0 shares directly in Common Stock, according to the filing.
  • Indirect holdings: The filing reports 811 shares held indirectly through the issuer's 401(K) Plan, including 345 shares acquired since the last report on June 9, 2025.
  • Stock split adjustment: The share amounts for the $19.00 option were adjusted to reflect a 2-for-1 stock split that Fastenal conducted on May 21, 2025.

Transaction Details for Fastenal's EVP of Strategy and Communication

According to the filing, Papenfuss, who serves as EVP of Strategy and Communication at Fastenal Co, a Winona, Minnesota-based company listed on NASDAQ under the ticker FAST, exercised two separate employee stock options on August 13, 2026. The first involved 1,364 shares at an exercise price of $13.75, and the second involved 7,894 shares at an exercise price of $19.00. Both exercises were coded "M" in the filing, indicating option exercises.

Immediately following each exercise, all acquired shares were disposed of via open-market sales, coded "S." The 1,364 shares were sold at $51.4165 per share and the 7,894 shares at $51.3841 per share, leaving Papenfuss with zero directly held Common Stock shares after the transactions. The filing notes that the $19.00 option and its share amounts were previously reported in a separate filing on November 6, 2024, and were subsequently adjusted to reflect the company's 2-for-1 stock split completed on May 21, 2025.

The filing also discloses that both options are now fully exercised and show zero remaining derivative securities. The $13.75 option was set to expire on December 31, 2027, and had an eight-year vesting schedule, with 25% vesting two years after the relevant vesting period and the remainder vesting proportionately each year thereafter. The $19.00 option, expiring December 31, 2029, carried a five-year vesting schedule with 40% vesting two years from the grant date and the remainder vesting on each anniversary. The filing was signed by John J. Milek as attorney-in-fact on August 17, 2026.

What Was Disclosed

The filing reports two option exercises and same-day sales of Fastenal Common Stock by EVP Donnalee Kathleen Papenfuss on August 13, 2026, resulting in zero directly held shares. She retains 811 shares indirectly through the company's 401(K) Plan.