Verma Kuntal Kumar 4
4 · FIRST SOLAR, INC. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
First Solar (FSLR) CMO Kuntal Verma Sells 479 Shares
What Happened
Kuntal Verma, Chief Manufacturing Officer of First Solar (FSLR), had 1,106 restricted stock units vest on May 4, 2026 (resulting in issuance of 1,106 shares). The filing shows a sale of 479 shares on May 5, 2026 at $215.63 per share, generating proceeds of $103,287. Footnotes indicate that shares were also sold to satisfy tax-withholding obligations tied to the vesting.
Key Details
- Transaction dates/prices: 1,106 RSUs vested/converted on 2026-05-04 (exercise/conversion code M); 479 shares sold on 2026-05-05 at $215.63 (sale code S) for $103,287.
- Nature of award: These were restricted stock units (RSUs) granted May 1, 2025 that vest 25% annually (F1, F3, F4).
- Tax withholding: The filing notes shares were sold by the issuer to satisfy tax withholding upon vesting (F2).
- Shares owned after the transactions: Not specified in the provided filing summary.
- Filing timeliness: Report filed 2026-05-05 for transactions dated 2026-05-04–05 (filed the next day; no late filing indicated).
Context
This was primarily a vesting of RSUs with a subsequent sale to cover tax obligations and a separate open-market sale of 479 shares. Vesting-driven sales and issuer share-withholdings for taxes are common and do not, by themselves, indicate a change in an insider’s long-term view. The derivative entries reflect RSU vesting/conversion rather than option exercises for cash.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-04+1,106→ 9,969 total - Sale
Common Stock
[F2]2026-05-05$215.63/sh−479$103,287→ 9,490 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-05-04−1,106→ 3,319 total→ Common Stock (1,106 underlying)
Footnotes (4)
- [F1]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on May 1, 2025.
- [F2]Represents shares of common stock sold by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- [F3]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.
- [F4]The restricted stock units were granted on May 1, 2025 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on May 1, 2025 vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.