4//SEC Filing
Argas Shlomi 4
Accession 0001437749-23-017579
CIK 0001296445other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 5:00 PM ET
Size
13.9 KB
Accession
0001437749-23-017579
Insider Transaction Report
Form 4
Argas Shlomi
E.V.P., Projects
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2023-06-15+690→ 8,607 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2023-06-15+1,190→ 7,917 total - Exercise/Conversion
Performance Stock Units
2023-06-15−2,885→ 0 total→ Common Stock, par value $0.001 per share (2,885 underlying) - Exercise/Conversion
Restricted Stock Units
2023-06-15−690→ 690 total→ Common Stock, par value $0.001 per share (690 underlying) - Exercise/Conversion
Restricted Stock Units
2023-06-15+397→ 397 total→ Common Stock, par value $0.001 per share (397 underlying)
Footnotes (3)
- [F1]On June 15, 2020, the reporting person was granted performance stock units (with a target amount of 2,885), 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 grant date, based on the reporting person's continued service.
- [F2]On June 15, 2023, 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: 1,587. 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 until the fourth anniversary of the grant date, based on the reporting person's continued service, and are thus represented as restricted stock units ("RSUs"). Each RSU represents the right to receive one share of ORA common stock upon vesting.
- [F3]In addition to the PSUs, the reporting person was granted 2,760 time-vesting RSUs on June 15, 2020. Each RSU represents the right to receive one share of ORA common stock upon vesting. 25% of these time-vesting RSUs vested on June 15, 2023, the third-year anniversary of the date of grant. The remaining 25% of which will vest on the fourth anniversary of the grant date, based on the reporting person's continued service.
Documents
Issuer
ORMAT TECHNOLOGIES, INC.
CIK 0001296445
Entity typeother
Related Parties
1- filerCIK 0001614382
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 5:00 PM ET
- Size
- 13.9 KB