A floating fastener base and pocket are disclosed. The base and pocket permit the adjustable positioning of a stud, such as a striker bolt, prior to final assembly and tightening. A floating fastener base has one or more flanges which fit within a pocket created by one or more respective flange receptacles formed on a substrate. The floating fastener base is inserted into the floating fastener base pocket. This provides a fastening base for a stud wherein the fastening base and the stud are positionally adjustable prior to final retention of the stud, typically accomplished by tightening of the stud.