First Solar CEO Mark Widmar's 2019 pay jumps 21% to $8.5M
First Solar reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
First Solar reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, five executives at First Solar received on average a compensation package of $4.2M, a 7% increase compared to previous year.
Average pay of disclosed executives at First Solar
Mark R. Widmar, Chief Executive Officer, received $8.5M in total, which increased by 21% compared to 2018. 70% of Widmar's compensation, or $6M, was in stock awards. Widmar also received $1.6M in non-equity incentive plan, $900K in salary, as well as $11K in other compensation.
For fiscal year 2019, the median employee pay was $83,313 at First Solar. Therefore, the ratio of Mark R. Widmar's pay to the median employee pay was 102 to one.
Raffi Garabedian, Chief Technology Officer, received a compensation package of $3.3M, which is about the same as previous year. 59% of the compensation package, or $1.9M, was in stock awards.
Georges J. Antoun, Chief Commercial Officer, earned $3.1M in 2019, a 7% decrease compared to previous year.
Philip Tymen deJong, Chief Operating Officer, received $3.1M in 2019, which decreases by 5% compared to 2018.
Alexander R. Bradley, Chief Financial Officer, earned $2.8M in 2019, a 13% increase compared to previous year.
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Source: SEC filing on April 1, 2020.