STERN STANLEY 4
4 · ORMAT TECHNOLOGIES, INC. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Ormat (ORA) Director Stanley Stern Receives 899 RSU Award
What Happened
- Stanley Stern, a director of Ormat Technologies, was granted 899 restricted stock units (RSUs) on June 2, 2026. The award was reported as a derivative grant (transaction code A) with $0.00 per-share cash paid — i.e., no cash purchase. The RSUs represent the right to receive one share of ORA common stock per unit upon vesting.
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filed within the normal two-business-day window).
- Grant: 899 RSUs at $0.00 (non-cash award).
- Vesting: 100% of this RSU portion vests on June 2, 2027 (one-year cliff per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Transaction type/code: A (award/grant); classified as a derivative (RSUs).
- No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided details.
Context
- RSU grants are typically compensation/retention awards and do not represent an immediate market purchase or sale. These RSUs will convert into common shares only if and when they vest on the stated date (June 2, 2027).
Insider Transaction Report
Form 4
STERN STANLEY
Director
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-06-02+899→ 899 total→ Common Stock (899 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit (RSU) represents the right to receive one share of ORA common stock upon vesting.
- [F2]This portion of RSUs will vest (100%) on June 2, 2027, the one-year anniversary of the date of grant.
Signature
/s/ Jessica Woelfel, as attorney-in-fact|2026-06-04