Form 4: First Solar VP Exercises Stock Options and Sells Shares to Cover Taxes
SEC Form 4 Filing
Nathan B. Theurer, VP Global Controller and CAO of First Solar, exercised restricted stock units and sold a portion of the resulting shares to cover tax obligations.
Summary
- On March 14, 2025, Nathan B. Theurer, VP Global Controller and CAO of First Solar, exercised 131 restricted stock units, receiving 131 shares of common stock.
- These restricted stock units were part of the annual equity grant from March 15, 2022, vesting at a rate of 20% annually.
- On March 17, 2025, Theurer sold 35 shares of common stock at a price of $133.75 to satisfy tax withholding obligations related to the vesting of the restricted stock units.
- Following these transactions, Theurer directly owns 307 shares of First Solar common stock and 261 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| March 15, 2022 | Date of the Issuer's annual equity grant to certain associates, including the restricted stock units. |
| March 14, 2025 | Date Nathan B. Theurer exercised 131 restricted stock units. |
| March 17, 2025 | Date Nathan B. Theurer sold 35 shares of common stock at $133.75. |
| March 18, 2025 | Date of signature of the Form 4 filing. |
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