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Fastenal Company's Executive Vice President just cashed-in 10,000 options

Kenneth R. Nance, Fastenal Company's Executive Vice President, recently cashed-in 10,000 options. The options were exercised at $22.50, while the disposals took place at $37.23 per share, on October 16, 2015. Nance continues to hold 3,272 shares of the company. Nance operates out of Winona, MN. Some additional info was provided as follows:

This option will fully vest and become exercisable over a period of eight years, with 50% of the option...