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FIRST SOLAR, INC.·4

Mar 10, 8:48 PM ET

Widmar Mark R 4

4 · FIRST SOLAR, INC. · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

First Solar (FSLR) CEO Mark Widmar Sells 5,537 Shares

What Happened

  • Mark R. Widmar, CEO of First Solar (FSLR), had multiple restricted stock units (RSUs) convert to common stock on March 6, 2026 (several conversions at $0). Following the vesting/conversion, Widmar sold 5,537 shares in open-market trades on March 9, 2026 at $190.36 per share, generating total proceeds of about $1,054,024.
  • The filing also shows a grant of 12,685 RSUs on March 6, 2026 (new award that vests over future anniversaries). Several prior RSU grants vested (conversions reflected as $0 transactions). The filing notes some shares were sold by the issuer to satisfy tax withholding related to the vesting.

Key Details

  • Transaction dates & prices:
    • March 6, 2026: multiple conversions/exercises of derivative securities (RSUs) into common stock (recorded at $0).
    • March 9, 2026: open-market sales of 2,072; 480; 1,282; and 1,703 shares at $190.36 each (total 5,537 shares; proceeds ≈ $1,054,024).
  • Shares owned after transaction: not specified in the excerpt provided in this summary.
  • Notable footnotes: vesting/issuance tied to RSU grants from 2021–2025 (F1–F4, F7–F10); F5 indicates some shares were sold by the issuer to satisfy tax withholding; F11 documents the March 6, 2026 RSU grant that vests 25% annually.
  • Filing timeliness: Report filed March 10, 2026 for transactions on March 6 and March 9, 2026 — appears to be timely (no late filing indicated).

Context

  • The March 6 entries are conversions of RSUs (derivative securities) into shares at no exercise price (common for RSU vesting). Some vested shares were issued and some were used/sold to cover tax withholding, per the filing.
  • The March 9 open-market sales realized cash proceeds; the filing does not state Widmar’s motivations (e.g., tax, diversification, liquidity).

Insider Transaction Report

Form 4
Period: 2026-03-06
FIRST SOLAR, INC.FSLR
Widmar Mark R
DirectorChief Executive Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-06+5,101→ 96,888 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-06+1,178→ 98,066 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-06+3,156→ 101,222 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-06+4,194→ 105,416 total
  • Sale

    Common Stock

    [F5]
    2026-03-09$190.36/sh−2,072$394,426→ 103,344 total
  • Sale

    Common Stock

    [F5]
    2026-03-09$190.36/sh−480$91,373→ 102,864 total
  • Sale

    Common Stock

    [F5]
    2026-03-09$190.36/sh−1,282$244,042→ 101,582 total
  • Sale

    Common Stock

    [F5]
    2026-03-09$190.36/sh−1,703$324,183→ 99,879 total
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F7]
    2026-03-06−5,101→ 0 total
    → Common Stock (5,101 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F8]
    2026-03-06−1,178→ 2,354 total
    → Common Stock (1,178 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F9]
    2026-03-06−3,156→ 6,313 total
    → Common Stock (3,156 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F10]
    2026-03-06−4,194→ 12,584 total
    → Common Stock (4,194 underlying)
  • Award

    Restricted Stock Units

    [F6][F11]
    2026-03-06+12,685→ 12,685 total
    → Common Stock (12,685 underlying)
Footnotes (11)
  • [F1]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2021.
  • [F10]The restricted stock units were granted on March 6, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
  • [F11]The restricted stock units were granted on March 6, 2026 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2026 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
  • [F2]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 6, 2023.
  • [F3]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2024.
  • [F4]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2025.
  • [F5]Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
  • [F6]Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan.
  • [F7]The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2021 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
  • [F8]The restricted stock units were granted on March 6, 2023 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2023 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
  • [F9]The restricted stock units were granted on March 6, 2024 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 6, 2024 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Signature
/s/ Jason E. Dymbort, attorney-in-fact|2026-03-10

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT