First Solar exec vests 469 RSUs, 134 shares withheld
An EVP at First Solar received vested shares from RSUs granted in 2022, with a portion withheld to satisfy tax obligations.
Rhea-AI Filing Summary
FIRST SOLAR, INC. (FSLR) reported that executive vice president of corporate affairs Samantha L. Sloan had a portion of previously granted restricted stock units vest into common shares on September 1, 2026. 469 restricted stock units converted into 469 shares of common stock, and 134 of those shares were withheld by the company to cover tax withholding obligations. The vested units are part of a grant made on September 1, 2022 under First Solar’s 2020 Omnibus Incentive Compensation Plan, which vests in 20% increments on each anniversary of the grant date.
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Insider Trade Summary
469 shares exercised/converted
Exercise
3 txns
Insider
Sloan Samantha L.
Role
EVP, Corporate Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 469 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 469 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 134 | $199.65 | $27K |
Holdings After Transaction:
Restricted Stock Units — 469 contracts (Direct);
Common Stock — 2,353 shares (Direct)
Footnotes (4)
- F1. Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on September 1, 2022.
- F2. Represents shares of common stock withheld 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 September 1, 2022 as part of the Issuer's incentive program to certain associates. The restricted stock units granted on September 1, 2022 vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
Key Figures
RSUs converted to common stock: 469 shares
Shares withheld for tax withholding obligations: 134 shares
Per-share value for withheld shares: $199.65 per share
+2 more
5 metrics
RSUs converted to common stock
469 shares
Restricted stock units converting into common stock on September 1, 2026
Shares withheld for tax withholding obligations
134 shares
Common shares withheld upon RSU vesting to satisfy tax obligations
Per-share value for withheld shares
$199.65 per share
Value used for shares withheld to satisfy tax withholding obligations
Remaining restricted stock units after transaction
469 units
Reported total restricted stock units following the September 1, 2026 transaction
Annual vesting rate of RSU grant
20% per year
RSUs granted September 1, 2022 vest 20% on each anniversary of the grant date
Key Terms
Restricted Stock Units, withheld by the Issuer to satisfy certain tax withholding obligations, Omnibus Incentive Compensation Plan, vest annually at a rate of 20%
4 terms
Restricted Stock Units financial
"Represents shares of common stock issued upon vesting of 20% of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld by the Issuer to satisfy certain tax withholding obligations financial
"Represents shares of common stock withheld by the Issuer to satisfy certain tax"
Omnibus Incentive Compensation Plan financial
"in accordance with the Issuer's 2020 Omnibus Incentive Compensation Plan"
An omnibus incentive compensation plan is a single, flexible program that lets a company grant different kinds of pay — such as cash bonuses, stock options, restricted stock, or performance awards — to employees, executives and directors. Investors care because the plan affects how much ownership can be given away (dilution), how much the company spends on pay, and whether executives’ goals are aligned with shareholders, much like a menu that decides what rewards staff can pick and how costly they are.
vest annually at a rate of 20% financial
"The restricted stock units granted on September 1, 2022 vest annually at a rate of 20%"
FAQ
What insider equity transaction did First Solar (FSLR) report for Samantha L. Sloan?
First Solar reported that Samantha L. Sloan had 469 restricted stock units vest and convert into 469 shares of common stock on September 1, 2026, from a grant originally awarded on September 1, 2022.
What is the origin of the vested RSUs reported for First Solar (FSLR)?
The vested RSUs come from an award granted on September 1, 2022 as part of First Solar’s 2020 Omnibus Incentive Compensation Plan, issued under the company’s incentive program to certain associates.
What is the vesting schedule of the RSUs reported in this First Solar (FSLR) Form 4?
The filing explains that the restricted stock units vest annually at a rate of 20% on each anniversary of the September 1, 2022 grant date, commencing on the first anniversary of that date.
Does this First Solar (FSLR) Form 4 indicate a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is affirmed for these transactions, and the footnotes do not describe any pre-arranged trading plan.
What does each restricted stock unit represent in the First Solar (FSLR) filing?
Each restricted stock unit represents the right to receive, upon vesting, one share of First Solar’s common stock in accordance with the company’s 2020 Omnibus Incentive Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
