Assi Ginzburg - 01 Mar 2022 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
Chief Financial Officer
Signature
/s/ Ehud Ben Yemini as Attorney -in-Fact
Issuer symbol
ORA
Transactions as of
01 Mar 2022
Net transactions value
$0
Form type
4
Filing time
03 Mar 2022, 13:58:45 UTC
Next filing
12 May 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORA Stock Appreciation Rights Award $0 +5,502 +21% $0.000000 32,026 01 Mar 2022 Common stock 6,502 $71.15 Direct F2
transaction ORA Restricted Stock Units Award $0 +1,789 +53% $0.000000 5,139 01 Mar 2022 Common stock 1,789 Direct F1, F3
transaction ORA Performance Stock Units Award $0 +3,319 +108% $0.000000 6,394 01 Mar 2022 Common stock 3,319 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
F2 The stock appreciation rights vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the date of grant.
F3 The restricted stock units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the date of grant.
F4 The Performance stock units vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the date of grant.