4//SEC Filing
Benyosef Ofer 4
Accession 0001437749-24-016669
CIK 0001296445other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 4:41 PM ET
Size
11.3 KB
Accession
0001437749-24-016669
Insider Transaction Report
Form 4
Benyosef Ofer
EVP - Energy Storage & BD
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2024-05-12+698→ 6,285 total - Exercise/Conversion
Restricted Stock Units
2024-05-12−698→ 0 total→ Common Stock (698 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2024-05-12+410→ 5,587 total - Exercise/Conversion
Restricted Stock Units
2024-05-12−410→ 0 total→ Common Stock (410 underlying)
Footnotes (3)
- [F1]On May 12, 2020, the reporting person was granted performance stock units (with a target amount of 2,562), 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 May 12, 2023, the third anniversary of the grant date of the PSUs, the PSUs performance vested in an amount equal to 2,562 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").
- [F2]On May 12, 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 through such date.
- [F3]In addition to the PSUs, the reporting person was granted 2,792 time-vesting RSUs on May 12, 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 May 12, 2024, the fourth-year anniversary of the date of grant.
Documents
Issuer
ORMAT TECHNOLOGIES, INC.
CIK 0001296445
Entity typeother
Related Parties
1- filerCIK 0001810578
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 4:41 PM ET
- Size
- 11.3 KB