Fastenal Company's board of directors approved a two-for-one stock split of the company's outstanding common stock. This action will be effected through an amendment to the company's Restated Articles of Incorporation.
Shareholders of record at the close of business on May 5, 2025, will receive one additional share of common stock for every share they own. The stock split will take effect at the close of business on May 21, 2025, with trading expected to begin on a split-adjusted basis around May 22, 2025.
The amendment will also result in a proportionate increase in the number of authorized common shares. This move is generally viewed as a strategy to increase share liquidity and make the stock more accessible to a broader range of investors.
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