ORMAT TECHNOLOGIES, INC. — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2022-03-01

Reporting Person: Hatzir Shimon (EVP, Electricity Segment)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Stock Appreciation Rights	$71.15	A	4401	Acquired	2028-03-01	Common stock (5901)	Direct
2022-03-01	Restricted Stock Units	$	A	1431	Acquired		Common stock (1431)	Direct
2022-03-01	Performance Stock Units	$	A	2655	Acquired		Common stock (2655)	Direct

Footnotes

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.