Ofer Benyosef - 01 Mar 2025 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Reporting relationship: EVP - Energy Storage & BD
Issuer ticker: ORA
Reported as of: 01 Mar 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Mar 2025, 21:37:54 UTC
Prior SEC filing: 14 May 2024
Next SEC filing: 25 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Jessica Woelfel, as attorney-in-fact

Key filing fact

Ofer Benyosef filed Form 4 for ORMAT TECHNOLOGIES, INC. (ORA) on 04 Mar 2025.

Key facts

This page summarizes Ofer Benyosef's Form 4 filing for ORMAT TECHNOLOGIES, INC. (ORA).
8 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 04 Mar 2025, 21:37.

Change

Previous filing in this sequence was filed on 14 May 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ORA transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +358
Change %: +5.7%
Price: $0.000000
Shares after: 6,643
Date: 01 Mar 2025
Ownership: Direct
Footnotes: F1, F2

ORA transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,233
Change %: +19%
Price: $0.000000
Shares after: 7,876
Date: 01 Mar 2025
Ownership: Direct
Footnotes: F1, F3

ORA transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,667
Change %: +21%
Price: $0.000000
Shares after: 9,543
Date: 01 Mar 2025
Ownership: Direct
Footnotes: F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ORA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -358
Change %: -50%
Price: $0.000000
Shares after: 357
Date: 01 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 358
Exercise price
Footnotes: F1, F2

ORA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,233
Change %: -33%
Price: $0.000000
Shares after: 2,467
Date: 01 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,233
Exercise price
Footnotes: F1, F3

ORA transaction Derivative

Performance Based Units

Options Exercise

Transaction value: $0
Shares: -2,655
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,655
Exercise price
Footnotes: F4, F5

ORA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: +555
Change %
Price: $0.000000
Shares after: 555
Date: 01 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 555
Exercise price
Footnotes: F1, F5

ORA transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +3,484
Change %
Price: $0.000000
Shares after: 3,484
Date: 01 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,484
Exercise price
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.

Footnote 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.

Footnote 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 25% on each of the first, second, third and fourth anniversaries of the grant date.

Footnote F4

On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 2,655), 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.

Footnote 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: 2,222. 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.

Footnote F6

In addition, the reporting person was granted 3,484 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.