Widmar Mark R 4
4 · FIRST SOLAR, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-13+4,856→ 104,735 total - Sale
Common Stock
[F2]2026-03-16$200.80/sh−1,937$388,950→ 102,798 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-13−4,856→ 4,856 total→ Common Stock (4,856 underlying)
Footnotes (4)
- [F1]Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on March 15, 2022.
- [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 March 15, 2022 as part of the Issuer's annual equity grant to executive officers. The restricted stock units granted on March 15, 2022 are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.