Form 4 for ORA ORMAT TECHNOLOGIES, INC.
Accepted 2024-07-02 00:00:00 ET · period of report 2024-07-01 · accession 0001437749-24-021972 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-07-02 | 2024-07-01 | ORA | Blachar Doron | CEO | M - OptEx | $0.00 | +2,486 | 23.5K | +12% | $0 |
| DM | 2024-07-02 | 2024-07-01 | ORA | Blachar Doron | CEO | M - OptEx | $0.00 | -2,486 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2024-07-01 | M | A | 981 | $0.00 | 21,972 | D | — | — | |
| 2 | Common | Common Stock, par value $0.001 per share | 2024-07-01 | M | A | 1,505 | $0.00 | 23,477 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 981 | $0.00 | 0 | D | — · — to — | 981 Common Stock, par value $0.001 per share | (F2) On July 1, 2024, the fourth anniversary of the grant date of the PSUs, the remaining 25% of such PSUs that converted into RSUs time vested, based on the reporting person's continued service since the grant date. (F1) On July 1, 2020, the reporting person was granted performance stock units (with a target amount of 6,540), each of which represents the right to receive one share of ORA common stock upon vesting (the "PSUs"). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. On July 1, 2023, the third anniversary of the grant date of the PSUs, the PSUs performance vested in an amount equal to 3,924 shares, based on the issuer's achievement of relative total stockholder return during such performance period. 75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date and the remaining 25% of such PSUs were subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as restricted stock units ("RSUs"). |
| 4 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 1,505 | $0.00 | 0 | D | — · — to — | 1,505 Common Stock, par value $0.001 per share | (F3) In addition to the PSUs, the reporting person was granted 6,020 time-vesting RSUs on July 1, 2020. Each RSU represents the right to receive one share of ORA common stock upon vesting. The final 25% of these time-vesting RSUs vested on July 1, 2024, the fourth-year anniversary of the date of grant. |