FSLRFirst Solar
Deals with insiders in the proxy filed 2026-04-02
Deals between FSLR and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-04.
Nothing new: every deal in this year's section was reported last year too.
The whole section
5 paragraphs quoted as filed
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS“During the year ended December 31, 2025, the audit committee reviewed and approved a related party transaction with SSA. Mahesh Babu, the husband of Anita Marangoly George, a member of our board, is a director of SSA. In 2021, the audit committee reviewed and approved a consultancy services agreement with SSA related to environmental permitting for our India plant, and the expected price for such services was approximately $60,000. Subsequently, in 2022 and 2023, we amended the agreement, and the Company approved a revised scope of work for a total expected price of approximately $160,000. Since contract inception through 2024, we incurred approximately $136,000 worth of services under the consultancy services agreement with SSA. No additional services are expected to be incurred under this agreement. In November 2025, the audit committee reviewed and approved the entry into a new consultancy services agreement with SSA related to additional environmental permitting requirements for our India plant for fees and expenses of up to $51,000. During 2025, we incurred approximately $9,000 worth of services with SSA under the new agreement. The audit committee determined that this transaction is on terms that are no less favorable to us than could be obtained from unaffiliated parties and is in our best interests.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS“During the year ended December 31, 2025, the audit committee reviewed and approved a related party transaction pertaining to the 2025 compensation of one of our associates, Uday Govindswamy, who is an immediate family member of Ms. George, a member of our board. The 2025 compensation cost for Mr. Govindswamy was expected to exceed $120,000, including base salary, bonuses, and stock awards. During 2025, Mr. Govindswamy earned compensation of approximately $134,000. The audit committee determined that this transaction is on terms that are no less favorable to us than could be obtained from unaffiliated parties and is in our best interests. See “Directors - Independence” for more information.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS“Since December 31, 2025, we have not been a party to any other transaction or series of similar transactions in which the amount involved exceeded or will exceed $120,000 and in which any current director, executive officer, holder of more than five percent of our capital stock, or any member of the immediate family of any of the foregoing had or will have a material interest, other than in connection with the transactions described herein.”
Read it in the proxy ↗
Registration Rights“In connection with our initial public offering in 2006, we entered into a registration rights agreement with certain of our stockholders, which was affirmed by the Acknowledgment and Reaffirmation Agreement dated September 15, 2020 by and among the Company and the current successors and assigns of the stockholders to the original registration rights agreement, including Michael J. Ahearn. The registration rights agreement provides for piggyback registration rights if we register equity securities under the Securities Act of 1933, as amended (the “Securities Act”), subject to certain lock-up provisions and exceptions. In addition, subject to certain lock-up provisions and exceptions, Michael J. Ahearn has three demand rights.”
Read it in the proxy ↗
Review and Approval of Related Party Transactions“Our written audit committee charter requires the review and approval by the audit committee of any related person transaction required to be disclosed pursuant to Item 404 of Regulation S-K, to ensure that they are on terms, which, in the judgment of the audit committee, are no less favorable to the Company than could be obtained from unaffiliated parties.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗