Form 4 for ORA ORMAT TECHNOLOGIES, INC.
Accepted 2025-03-04 00:00:00 ET · period of report 2025-03-01 · accession 0001437749-25-006178 · 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 | 2025-03-04 | 2025-03-01 | ORA | Woelfel Jessica | GC, CCO, CS | M - OptEx | $0.00 | +2,850 | 6,503 | +78% | $0 |
| DM | 2025-03-04 | 2025-03-01 | ORA | Woelfel Jessica | GC, CCO, CS | M - OptEx | $0.00 | -3,754 | 0 | -100% | $0 |
| D | 2025-03-04 | 2025-03-01 | ORA | Woelfel Jessica | GC, CCO, CS | A - Grant | $0.00 | +4,048 | 4,048 | New | $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 | 2025-03-01 | M | A | 313 | $0.00 | 3,966 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-01 | M | A | 1,079 | $0.00 | 5,045 | D | — | — | |
| 3 | Common | Common Stock | 2025-03-01 | M | A | 1,458 | $0.00 | 6,503 | D | — | — | |
| 4 | Derivative | Performance Based Units | 2025-03-01 | M | D | 2,323 | $0.00 | 0 | D | — · — to — | 2,323 Common Stock | (F4) On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 2,323), 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. The PSUs performance vest on the third anniversary of the grant date, in an amount (between 0% and 150% of target) based on the issuer's achievement of relative total stockholder return from the grant date until such third anniversary, and time vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the date of grant, based on the reporting person's continued service. (F5) On March 1, 2025, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 1,944. 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. The remaining 25% of such PSUs remain subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as RSUs. |
| 5 | Derivative | Restricted Stock Units | 2025-03-01 | M | D | 838 | $0.00 | 0 | D | — · — to — | 0 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. (F2) This portion of RSUs vested on March 1, 2025, being the third anniversary of grant date. These RSUs were granted on March 1, 2022 and vest 25% on each the first, second, third and fourth anniversary of the grant date. |
| 6 | Derivative | Restricted Stock Units | 2025-03-01 | M | D | 1,079 | $0.00 | 2,159 | D | — · — to — | 1,079 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. (F3) This portion of RSUs vested on March 1, 2025, being the first anniversary of the date of grant. These RSUs were granted on March 1, 2024 and vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. |
| 7 | Derivative | Restricted Stock Units | 2025-03-01 | A | A | 4,048 | $0.00 | 4,048 | D | — · — to — | 4,048 Common Stock | (F6) In addition, the reporting person was granted 4,048 time-vesting RSUs on March 1, 2025.. 33.3% of these time-vesting on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. |
| 8 | Derivative | Restricted Stock Units | 2025-03-01 | M | A | 486 | $0.00 | 0 | D | — · — to — | 486 Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. (F5) On March 1, 2025, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 1,944. 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. The remaining 25% of such PSUs remain subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as RSUs. |