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NEW YORK (AP) - An executive vice president of solar-panel maker First Solar Inc. exercised options for and sold 20,000 shares of common stock under a prearranged trading plan, according to Securities and Exchange Commission filings Wednesday.
| FSLR | 253.65 |  5.81 |
In two Form 4s filed with the SEC, Kenneth M. Schultz reported he exercised options for the shares Tuesday for $2.06 apiece and then sold all of them on the same day for $293 to $294.83 each.
The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
First Solar is based in Phoenix.
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