ANTOUN GEORGES 4
4 · FIRST SOLAR, INC. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
First Solar (FSLR) CCO Antoun Georges Sells 791 Shares
What Happened
- Antoun Georges, Chief Commercial Officer of First Solar (FSLR), had restricted stock units (RSUs) vest on March 6, 2026 and received a new RSU award the same day. He then sold 791 shares in open-market transactions on March 9, 2026 for a total of $150,574 (791 shares × $190.36).
- The filing shows multiple conversion/vesting entries (totaling 1,870 shares across several prior grants) recorded at $0 and matching disposals at $0, and a separate grant entry for 2,749 RSUs (new award) granted on March 6, 2026.
Key Details
- Transaction dates and prices:
- 2026-03-06: Several RSU conversions/exercises (derivative M) recorded for 732, 283, 379 and 476 shares (each at $0.00).
- 2026-03-06: Grant/award (A) of 2,749 RSUs at $0.00 (new RSU grant).
- 2026-03-09: Open-market sales (S) of 309, 161, 201 and 120 shares at $190.36 each, totaling $150,574.
- Tax withholding: The filing includes matching $0 disposals for the converted RSUs; footnotes state some shares were sold by the issuer to satisfy tax withholding obligations upon vesting.
- Vesting schedule: The new RSUs granted 3/6/2026 vest 25% annually (per footnote for 2026 grants). Other vested amounts relate to earlier grants with varying vesting schedules (2021–2025 grants as noted in footnotes).
- Shares owned after transaction: Not provided in the excerpt supplied.
- Filing timeliness: Form 4 was filed on 2026-03-10 for transactions dated 2026-03-06 and 2026-03-09. That filing date is within the required two business-day window and is timely.
Context
- The March 6 entries reflect RSU vesting/conversion (derivative activity) rather than a cash purchase; matching $0 disposals typically indicate shares withheld/surrendered to cover tax obligations (not an open-market sale for cash).
- The March 9 activity (791 shares sold) were open-market disposals by the insider and generated about $150.6k in proceeds.
- This filing is routine compensation-related activity (vesting and a new grant) combined with a subsequent open-market sale; it should be read as factual reporting of equity compensation and personal sales, not as an explicit statement about company prospects.
Insider Transaction Report
Form 4
ANTOUN GEORGES
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-06+732→ 18,437 total - Exercise/Conversion
Common Stock
[F2]2026-03-06+283→ 18,720 total - Exercise/Conversion
Common Stock
[F3]2026-03-06+379→ 19,099 total - Exercise/Conversion
Common Stock
[F4]2026-03-06+476→ 19,575 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−309$58,821→ 19,266 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−161$30,648→ 19,105 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−201$38,262→ 18,904 total - Sale
Common Stock
[F5]2026-03-09$190.36/sh−120$22,843→ 18,784 total - Exercise/Conversion
Restricted Stock Units
[F6][F7]2026-03-06−732→ 0 total→ Common Stock (732 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F8]2026-03-06−283→ 565 total→ Common Stock (283 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F9]2026-03-06−379→ 758 total→ Common Stock (379 underlying) - Exercise/Conversion
Restricted Stock Units
[F6][F10]2026-03-06−476→ 1,431 total→ Common Stock (476 underlying) - Award
Restricted Stock Units
[F6][F11]2026-03-06+2,749→ 2,749 total→ Common Stock (2,749 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