4//SEC Filing
Blachar Doron 4
Accession 0001437749-25-006186
CIK 0001296445other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 9:24 PM ET
Size
19.6 KB
Accession
0001437749-25-006186
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2025-03-01+805→ 24,282 total - Exercise/Conversion
Common Stock
2025-03-01+5,135→ 29,417 total - Exercise/Conversion
Restricted Stock Units
2025-03-01−805→ 804 total→ Common Stock (805 underlying) - Exercise/Conversion
Performance Based Units
2025-03-01−5,974→ 0 total→ Common Stock (5,974 underlying) - Award
Restricted Stock Units
2025-03-01+11,613→ 11,613 total→ Common Stock (11,613 underlying) - Exercise/Conversion
Common Stock
2025-03-01+3,750→ 33,167 total - Exercise/Conversion
Restricted Stock Units
2025-03-01−5,135→ 10,284 total→ Common Stock (5,135 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-01+1,250→ 1,250 total→ Common Stock (1,250 underlying)
Footnotes (6)
- [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 the grant date. 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.
- [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% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.
- [F4]On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 5,974), 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.
- [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: 5,000. 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.
- [F6]In addition, the reporting person was granted 11,613 time-vesting RSUs on March 1, 2025. 33.3% on 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 0001571480
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 9:24 PM ET
- Size
- 19.6 KB