Widmar Mark R 4
Research Summary
AI-generated summary
First Solar CEO Mark Widmar Sells 1,937 Shares
What Happened
Mark R. Widmar, CEO of First Solar, had 4,856 restricted stock units (RSUs) vest on 2026-03-13 (recorded as an exercise/conversion at $0 per share) and sold 1,937 shares in an open-market transaction on 2026-03-16 at $200.80 per share for proceeds of $388,950. The filing shows shares were also disposed in connection with the vesting (tax withholding).
Key Details
- Transaction dates and prices:
- 2026-03-13: 4,856 RSUs vested / converted to common shares (reported at $0 per share) — footnotes indicate these are 20% of the RSUs granted 3/15/2022.
- 2026-03-13: Shares disposed to satisfy tax withholding associated with vesting (issuer sold shares; footnote F2).
- 2026-03-16: Open-market sale of 1,937 shares at $200.80 each; proceeds $388,950.
- Shares owned after the transactions: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1–F4: RSUs granted 3/15/2022 vest 20% annually; each RSU converts to one share; some vested shares were sold to satisfy tax withholding.
- Filing timeliness: Report filed 2026-03-17 for transactions on 3/13 and 3/16 — filing appears timely under Form 4 rules.
Context
These transactions reflect routine executive equity vesting (RSUs converting to shares) and a subsequent open-market sale. The tax-withholding sale is a typical administrative step when RSUs vest and does not itself indicate sentiment. Open-market sales by executives are common liquidity actions; purchases would generally be interpreted as a stronger bullish signal.