Five First Solar Executives Purchase Company Stock
Tymen DeJong, Frank DeRosa, TK Kallenbach, Jim Lamon and Mark Widmar
TEMPE, Ariz.--(BUSINESS WIRE)--
First Solar, Inc. (NASDAQ: FSLR) today announced that five of its senior
executives purchased a total of 5,500 shares of company stock this week
to add to their current holdings. The purchases were made during one of
four annual open trading windows for First Solar's Directors and Section
16 officers and have been reported to the Securities and Exchange
Commission in Form 4 filings where applicable.
Each of the First Solar executives purchased shares on the open market
using personal funds.
Tymen DeJong purchased 1,000 shares. DeJong is Senior Vice President
of Global Operations, responsible for First Solar's global
Frank DeRosa purchased 500 shares. DeRosa was recently appointed to an
expanded role as Senior Vice President of Business Development for the
Americas, where he will oversee Project Development, Sales and
Business Development for the Utility Systems Business Group in the
TK Kallenbach purchased 1,000 shares. Kallenbach is President of the
Components Business Group, responsible for sales of First Solar
modules and balance-of-systems products, including First Solar's
European distribution network.
Jim Lamon purchased 2,000 shares. Lamon is Senior Vice President of
Engineering, Procurement and Construction (EPC), which builds and
operates utility-scale solar projects, including both First Solar's
2.6 gigawatt project pipeline and customer projects.
Mark Widmar purchased 1,000 shares. Widmar joined First Solar in April
as Chief Financial Officer.
"First Solar's leadership team has confidence in the company's long-term
growth prospects and our ability to develop new markets and execute our
cost, technology and project road maps," said Rob Gillette, CEO of First
About First Solar, Inc.
First Solar manufactures solar modules with an advanced semiconductor
technology, and is a premier provider of comprehensive photovoltaic (PV)
system solutions. The company is delivering an economically viable
alternative to fossil-fuel generation today. From raw material sourcing
through end-of-life collection and recycling, First Solar is focused on
creating value-driven renewable energy solutions that protect and
enhance the environment. For more information about First Solar, please
For First Solar Investors
This release contains forward-looking statements which are made pursuant
to the safe harbor provisions of Section 21E of the Securities Exchange
Act of 1934. The forward-looking statements in this release do not
constitute guarantees of future performance. Those statements involve a
number of factors that could cause actual results to differ materially,
including risks associated with the company's business involving the
company's products, their development and distribution, economic and
competitive factors and the company's key strategic relationships and
other risks detailed in the company's filings with the Securities and
Exchange Commission. First Solar assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein.
Source: First Solar, Inc.
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