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

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	+4,401	+16%	$0.000000	31,474	01 Mar 2022	Common stock	5,901	$71.15	Direct	F2
transaction	ORA	Restricted Stock Units	Award	$0	+1,431	+68%	$0.000000	3,534	01 Mar 2022	Common stock	1,431		Direct	F1, F3
transaction	ORA	Performance Stock Units	Award	$0	+2,655	+136%	$0.000000	4,607	01 Mar 2022	Common stock	2,655		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.