First Solar CEO Mark Widmar's 2018 pay falls 34% to $7M
First Solar reports 2018 executive compensation
By ExecPay News
Published: April 3, 2019
First Solar reported fiscal year 2018 executive compensation information on April 3, 2019.
In 2018, five executives at First Solar received on average a compensation package of $3.9M, a 27% decrease compared to previous year.
Average pay of disclosed executives at First Solar
Mark R. Widmar, Chief Executive Officer, received $7M in total, which decreased by 34% compared to 2017. 74% of Widmar's compensation, or $5.2M, was in stock awards. Widmar also received $946K in non-equity incentive plan, $875K in salary, as well as $11K in other compensation.
For fiscal year 2018, the median employee pay was $79,481 at First Solar. Therefore, the ratio of Mark R. Widmar's pay to the median employee pay was 88 to one.
Georges J. Antoun, Chief Commercial Officer, received a compensation package of $3.3M, which decreased by 23% compared to previous year. 67% of the compensation package, or $2.2M, was in stock awards.
Raffi Garabedian, Chief Technology Officer, earned $3.3M in 2018, a 22% decrease compared to previous year.
Philip Tymen deJong, Chief Operating Officer, received $3.3M in 2018, which decreases by 22% compared to 2017.
Alexander R. Bradley, Chief Financial Officer, earned $2.5M in 2018, a 22% decrease compared to previous year.
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Source: SEC filing on April 3, 2019.