First Solar Management

Management criteria checks 4/4

First Solar's CEO is Mark Widmar, appointed in Jul 2016, has a tenure of 7.75 years. total yearly compensation is $7.73M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth R$106.16M. The average tenure of the management team and the board of directors is 4.5 years and 11.9 years respectively.

Key information

Mark Widmar

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage	12.5%
CEO tenure	7.8yrs
CEO ownership	0.1%
Management average tenure	4.5yrs
Board average tenure	11.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Widmar's remuneration changed compared to First Solar's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$8m	US$965k	US$831m
Sep 30 2023	n/a	n/a	US$474m
Jun 30 2023	n/a	n/a	US$156m
Mar 31 2023	n/a	n/a	US$42m
Dec 31 2022	US$7m	US$922k	-US$44m
Sep 30 2022	n/a	n/a	US$95m
Jun 30 2022	n/a	n/a	US$189m
Mar 31 2022	n/a	n/a	US$216m
Dec 31 2021	US$7m	US$900k	US$469m
Sep 30 2021	n/a	n/a	US$453m
Jun 30 2021	n/a	n/a	US$563m
Mar 31 2021	n/a	n/a	US$517m
Dec 31 2020	US$8m	US$900k	US$398m
Sep 30 2020	n/a	n/a	US$223m
Jun 30 2020	n/a	n/a	US$99m
Mar 31 2020	n/a	n/a	US$43m
Dec 31 2019	US$9m	US$900k	-US$115m
Sep 30 2019	n/a	n/a	-US$3m
Jun 30 2019	n/a	n/a	US$24m
Mar 31 2019	n/a	n/a	-US$6m
Dec 31 2018	US$7m	US$875k	US$144m
Sep 30 2018	n/a	n/a	-US$340m
Jun 30 2018	n/a	n/a	-US$192m
Mar 31 2018	n/a	n/a	-US$92m
Dec 31 2017	US$11m	US$750k	-US$166m

Compensation vs Market: Mark's total compensation ($USD7.73M) is about average for companies of similar size in the BR market ($USD6.09M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Widmar (57 yo)

7.8yrs

Tenure

US$7,725,497

Compensation

Mr. Mark R. Widmar has been the Chief Executive Officer and Director of First Solar, Inc. since July 1, 2016. Mr. Widmar served as the Chief Financial Officer of 8Point3 General Partner, LLC, a General Par...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Widmar	CEO & Director	7.8yrs	US$7.73m	0.11% $ 106.2m
Alexander Bradley	Chief Financial Officer	7.8yrs	US$3.12m	0.044% $ 41.8m
Markus Gloeckler	Chief Technology Officer	3.4yrs	US$2.89m	0.012% $ 11.2m
Jason Dymbort	Executive VP	4.1yrs	US$2.93m	0.015% $ 14.0m
Kuntal Verma	Chief Manufacturing Officer	3.8yrs	US$2.92m	0.0048% $ 4.6m
Byron Jeffers	Chief Accounting Officer	4.4yrs	no data	0.0021% $ 2.0m
Caroline Stockdale	Chief People & Communications Officer	4.5yrs	US$1.67m	0.032% $ 30.8m
Michael Koralewski	Chief Supply Chain Officer	8.6yrs	no data	0.012% $ 11.1m
Georges Antoun	Chief Commercial Officer	7.8yrs	US$2.47m	0.035% $ 33.5m
Patrick Buehler	Chief Product Officer	3.8yrs	no data	0.011% $ 10.8m

4.5yrs

Average Tenure

49.5yo

Average Age

Experienced Management: FSLR34's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Widmar	CEO & Director	7.8yrs	US$7.73m	0.11% $ 106.2m
Michael T. Sweeney	Independent Director	20.8yrs	US$305.30k	0.019% $ 18.5m
Paul Stebbins	Independent Director	17.3yrs	US$295.30k	0.023% $ 22.2m
William Post	Lead Independent Director	13.8yrs	US$287.80k	0.024% $ 22.6m
Craig Kennedy	Independent Director	16.6yrs	US$280.30k	0.015% $ 14.3m
Michael Ahearn	Chairman of the Board	24.3yrs	US$405.56k	0.14% $ 132.4m
Lisa Kro	Independent Director	1.9yrs	US$315.30k	0.0023% $ 2.2m
George Hambro	Independent Director	11.9yrs	US$295.30k	0.024% $ 22.7m
Anita George	Independent Director	2.8yrs	US$280.30k	0.0031% $ 3.0m
Richard Chapman	Independent Director	11.9yrs	US$280.30k	0.024% $ 23.2m
Molly Joseph	Independent Director	6.8yrs	US$302.80k	0.014% $ 13.4m
Norman Wright	Independent Director	1.9yrs	US$280.30k	0.0027% $ 2.6m

11.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FSLR34's board of directors are seasoned and experienced ( 11.9 years average tenure).

First Solar Management

Management criteria checks 4/4

Key information

Recent management updates

First Solar, Inc., Annual General Meeting, May 08, 2024

First Solar, Inc. Announces Board Resignations

First Solar, Inc. Announces Director Appointments

First Solar, Inc., Annual General Meeting, May 26, 2022

First Solar, Inc. Announces Kathryn A. Hollister Not to Stand for Re-Election as A Member of the Board of Directors

Sharon L. Allen Intends Not to Stand for Re-Election as Member of the Company’s Board of Directors of First Solar, Inc

Recent updates

First Solar, Inc. to Report Q1, 2024 Results on May 01, 2024

First Solar, Inc., Annual General Meeting, May 08, 2024

First Solar, Inc. Provides Earnings Guidance for the Year 2024

First Solar, Inc. Announces Board Resignations

First Solar, Inc. to Report Q4, 2023 Results on Feb 27, 2024

First Solar, Inc. Updates Earnings Guidance for the Full Year 2023

First Solar, Inc. to Report Q3, 2023 Results on Oct 31, 2023

First Solar, Inc. Maintains Earnings Guidance for the Full Year 2023

First Solar, Inc. to Report Q2, 2023 Results on Jul 27, 2023

First Solar, Inc. Announces Limited Production Run of World’S First Bifacial Thin Film Photovoltaic Module

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

First Solar, Inc. to Report Q4, 2022 Results on Feb 28, 2023

First Solar, Inc. Updates Earnings Guidance for the Year 2022

First Solar, Inc. to Report Q3, 2022 Results on Oct 27, 2022

The funds managed by Real Assets group of PAG completed the acquisition of A solar operations and maintenance (O&M) platform with approximately 665 MWDC ,in Japan from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. Updates Earnings Guidance for the Year 2022

First Solar, Inc. to Report Q2, 2022 Results on Jul 28, 2022

The funds managed by Real Assets group of PAG completed the acquisition of 293 Megawatts Utility Scale Solar Development Platform in Japan from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. Announces Director Appointments

PAG entered into a definitive agreement to acquire O&M platform from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc., Annual General Meeting, May 26, 2022

First Solar, Inc. to Report Q1, 2022 Results on Apr 28, 2022

First Solar, Inc. Announces Kathryn A. Hollister Not to Stand for Re-Election as A Member of the Board of Directors

First Solar in Talks to Sell Japan Project Development, O&M Biz

First Solar, Inc. Provides Earnings Guidance for the Year 2022

Sharon L. Allen Intends Not to Stand for Re-Election as Member of the Company’s Board of Directors of First Solar, Inc

First Solar, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against First Solar, Inc

First Solar, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Bernstein Litowitz Berger & Grossmann LLP Announces the Filing of A Securities Class Action Lawsuit Against First Solar, Inc

First Solar, Inc. Raised Earnings Guidance for the Full Year 2021

First Solar Appoints Kathryn A. Hollister to Board of Directors

Intersect Power Orders Up to 2.4 Gw of First Solar Series 6 from First Solar, Inc

Longroad Energy Holdings, LLC agreed to acquire Sun Streams 2, 4, and 5 (900 MWdc) in Arizona from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. to Report Q4, 2020 Results on Feb 25, 2021

First Solar, Inc.(NasdaqGS:FSLR) dropped from S&P 500 Information Technology (Sector)

Leeward Renewable Energy, LLC entered into a purchase and sale agreement to acquire 30-MW Barilla Solar Project from First Solar, Inc. (NasdaqGS:FSLR).

First Solar, Inc. Announces Executive Changes

First Solar, Inc. Launches EPEAT Photovoltaic and Inverters

First Solar, Inc. to Report Q3, 2020 Results on Oct 27, 2020

First Solar, Inc. to Report Q2, 2019 Results on Aug 01, 2019

NovaSource Power Services entered into a Membership Interest Purchase Agreement to acquire North American Operations and Maintenance business of First Solar, Inc. (NasdaqGS:FSLR).

JP Energie Environnement Selects Lowest Carbon First Solar Modules for Labarde Project

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age