4//SEC Filing
Ginzburg Assi 4
Accession 0001437749-25-006173
CIK 0001296445other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 8:37 PM ET
Size
27.7 KB
Accession
0001437749-25-006173
Insider Transaction Report
Form 4
Ginzburg Assi
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-03-01+1,953→ 30,677 total - Exercise/Conversion
Common Stock
2025-03-01+2,084→ 32,761 total - Exercise/Conversion
Restricted Stock Units
2024-03-01−330→ 670 total→ Common Stock (330 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-01−670→ 0 total→ Common Stock (670 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-01−1,953→ 3,906 total→ Common Stock (1,953 underlying) - Exercise/Conversion
Common Stock
2024-03-01+330→ 27,607 total - Exercise/Conversion
Common Stock
2025-03-01+670→ 28,277 total - Exercise/Conversion
Common Stock
2025-03-01+447→ 28,724 total - Exercise/Conversion
Restricted Stock Units
2025-03-01−447→ 447 total→ Common Stock (447 underlying) - Exercise/Conversion
Performance Based Units
2025-03-01−3,319→ 0 total→ Common Stock (3,319 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-01+694→ 694 total→ Common Stock (694 underlying) - Award
Restricted Stock Units
2025-03-01+5,807→ 5,807 total→ Common Stock (5,807 underlying)
Footnotes (8)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
- [F2]This portion of Restricted Stock Units ("RSUs") vested on March 1, 2024, being the second anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date. This transaction is being reported late due to an inadvertent administrative oversight. Due to this administrative error, subsequent Form 4s filed on and after March 1, 2024 underreported the number of shares beneficially owned by the reporting person by 330 shares.
- [F3]This portion of Restricted Stock Units vested on March 1, 2025, being the third anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.
- [F4]This portion of RSUs vested on March 1, 2025, being the third anniversary of the date of grant. These RSUs were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.
- [F5]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 each of the first and second anniversaries of the grant date and 33.34% on the third anniversary of the grant date.
- [F6]On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 3,319), 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 25% on each of the first, second, third and fourth anniversaries of the grant date, based on the reporting person's continued service.
- [F7]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: 2,778. 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.
- [F8]In addition, the reporting person was granted 5,807 time-vesting RSUs on March 1, 2025. 33.3% of these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date.
Documents
Issuer
ORMAT TECHNOLOGIES, INC.
CIK 0001296445
Entity typeother
Related Parties
1- filerCIK 0001361024
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 8:37 PM ET
- Size
- 27.7 KB