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First Solar Executive Compensation (FY25)

FSLR · Phoenix, AZ · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 15, 2026
314 figures on this page: 309 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Mark Widmar, Chief Executive Officer, received $8,138,605 in total compensation for fiscal 2025, and Widmar's total moved 27.4% higher from the $6,386,641 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 194:1, against median employee compensation of $42,006. For fiscal 2025, shareholders backed the say-on-pay proposal with 87.0% of votes cast for or against in favor at the meeting held May 13, 2026. Companies named in the disclosed peer group include Ameresco, Inc., Amkor Technology, Inc., Analog Devices, Inc., Array Technologies, Inc. and Avangrid, Inc., among others.
Chief executive, fiscal 2025
◇
Mark Widmar
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark Widmar: $6,386,641 → $8,138,605 (27.4% higher)
CEO pay ratio: 171:1 → 194:1 (13.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Solar's chief executive and what were they paid?
Mark Widmar, Chief Executive Officer, received $8,138,605 in total compensation for fiscal 2025. Widmar's total moved 27.4% higher from the $6,386,641 reported for fiscal 2024.
What was First Solar's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 87.0% of votes cast for or against in favor at the meeting held May 13, 2026.
Which companies are in First Solar's peer group?
Companies named in the disclosed peer group include Ameresco, Inc., Amkor Technology, Inc., Analog Devices, Inc., Array Technologies, Inc. and Avangrid, Inc., among others.
What is First Solar's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 194:1, against median employee compensation of $42,006.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Widmar
Chief Executive Officer
◇—◇—◇—◇◇
Georges Antoun
Chief Commercial Officer
◇—◇—◇—◇◇
Alexander Bradley
Chief Financial Officer
◇—◇—◇—◇◇
Jason Dymbort
General Counsel & Secretary
◇—◇—◇—◇◇
Caroline Stockdale
Chief People and Communications Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Widmar
Chief Executive Officer
◇—◇—◇—◇◇
Alexander Bradley
Chief Financial Officer
◇—◇—◇—◇◇
Jason Dymbort
General Counsel & Secretary
◇—◇—◇—◇◇
Kuntal Verma
Chief Manufacturing Officer
◇—◇—◇—◇◇
Markus Gloeckler
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Widmar
Chief Executive Officer
◇—◇—◇—◇◇
Alexander Bradley
Chief Financial Officer
◇—◇—◇—◇◇
Kuntal Verma
Chief Manufacturing Officer
◇—◇—◇—◇◇
Georges Antoun
Chief Commercial Officer
◇—◇—◇—◇◇
Markus Gloeckler
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Widmar
Chief Executive Officer
◇—◇—◇—◇◇
Alexander Bradley
Chief Financial Officer
◇—◇—◇—◇◇
Kuntal Verma
Chief Manufacturing Officer
◇—◇—◇—◇◇
Georges Antoun
Chief Commercial Officer
◇—◇—◇—◇◇
Jason Dymbort
General Counsel & Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alexander R. BradleyRSU◇——◇——◇
Alexander R. BradleyPSU◇◇◇—◇—◇
Alexander R. BradleyRSU◇——◇——◇
Georges J. AntounRSU◇——◇——◇
Georges J. AntounRSU◇——◇——◇
Georges J. AntounPSU◇◇◇—◇—◇
Kuntal Kumar VermaRSU◇——◇——◇
Kuntal Kumar VermaPSU◇◇◇—◇—◇
Kuntal Kumar VermaRSU◇——◇——◇
Mark R. WidmarRSU◇——◇——◇
Mark R. WidmarPSU◇◇◇—◇—◇
Mark R. WidmarRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kuntal VermaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
George AntounRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Alexander BradleyRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jason DymbortPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Mark WidmarRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael J. Ahearn
Board chair
◇◇————◇
Lisa A. Kro
◇◇————◇
William J. Post
Lead independent director
◇◇————◇
Michael Sweeney
◇◇————◇
Paul H. Stebbins
◇◇————◇
Venkata Murthy Renduchintala
◇◇————◇
Norman L. Wright
◇◇————◇
Anita Marangoly George
◇◇————◇
Molly E. Joseph
◇◇————◇
Mark R. Widmar and Curtis A. Morgan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameresco, Inc. AMRC
  • Amkor Technology, Inc. AMKR
  • Analog Devices, Inc. ADI
  • Array Technologies, Inc. ARRY
  • Avangrid, Inc. AGR
  • Cirrus Logic, Inc. CRUS
  • Diodes Incorporated DIOD
  • EnerSys ENS
  • Enphase Energy, Inc. ENPH
  • Entegris, Inc. ENTG
  • Generac Holdings Inc. GNRC
  • KLA Corporation KLAC
  • Lam Research Corporation LRCX
  • Marvell Technology, Inc. MRVL
  • Microchip Technology Incorporated MCHP
  • MKS Instruments, Inc. MKSI
  • Monolithic Power Systems, Inc. MPWR
  • NextEra Energy, Inc. NEE
  • Nextracker Inc. symbol not shown
  • ON Semiconductor Corporation ON
  • Pinnacle West Capital Corporation PNW
  • Qorvo, Inc. QRVO
  • Skyworks Solutions, Inc. SWKS
  • Sunrun Inc. RUN
  • Teradyne, Inc. TER
  • The AES Corporation AES
  • Xcel Energy Inc. XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 8, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2019May 13, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact First Solar disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Solar sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
314 figures on this page: 309 cited to the filing that reported them, 5 calculated from figures it prints.
309 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001274494-26-000138
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001274494-26-000096
    Grants of Plan-Based Awards · NON-ASSOCIATE DIRECTOR COMPENSATION · Non-Associate Director Compensation Table · Outstanding Equity Awards at Fiscal Year-End · and 2 more sections
  3. 0001274494-25-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001274494-25-000023
    Summary Compensation Table
  5. 0001274494-24-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001274494-24-000018
    Summary Compensation Table
  7. 0001274494-23-000011
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001274494-23-000004
    Summary Compensation Table
  9. 0001274494-20-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “First Solar executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FSLR (accessed 2026).
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers First Solar discloses

The companies named in FSLR's own disclosed peer group.

Amkor Technology, Inc.Analog Devices, Inc.Cirrus Logic, Inc.Diodes IncorporatedEnphase Energy, Inc.KLA CorporationLam Research CorporationMarvell Technology, Inc.Monolithic Power Systems, Inc.NextEra Energy, Inc.ON Semiconductor CorporationPinnacle West Capital CorporationQorvo, Inc.Skyworks Solutions, Inc.Teradyne, Inc.Xcel Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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