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ORMAT TECHNOLOGIES, INC. Director's Dealing 2024

Mar 6, 2024

6968_rns_2024-03-06_543fd7d8-12c8-41e0-bf49-1632a2b43677.pdf

Director's Dealing

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

Hatzir 1. Name and Address of Reporting Person*
Shimon
2. Issuer Name
and
Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC.
[
ORA
]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
(Last)
C/O ORMAT TECHNOLOGIES, INC.
6140 PLUMAS ST.
(First) 3. Date of Earliest Transaction (Month/Day/Year)
03/01/2024
Director
10% Owner
Officer (give title
Other (specify
X
below)
below)
Executive Vice President –
Electricity Segment
(Street)
RENO
NV 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line)
X
Form filed by One Reporting Person
Form filed by More than One Reporting Person
(City) (State) (Zip) Rule 10b5-1(c) Transaction Indication
Check this box to indicate that a transaction was made
pursuant to a contract, instruction or written plan that is
intended to satisfy the affirmative defense conditions of Rule
10b5-1(c). See Instruction 10.
Table I -
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date
(Month/Day/Year)
2A. Deemed
Execution Date, if
any
(Month/Day/Year)
3.
Transaction
Code (Instr.
8)
4. Securities Acquired
(A) or Disposed Of (D)
(Instr. 3, 4 and 5)
5. Amount of
Securities
Beneficially
Owned Following
6.
Ownership
Form:
Direct (D) or
7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
V Amount (A)
or
(D)
Price Reported
Transaction(s)
(Instr. 3 and 4)
Indirect (I)
(Instr. 4)
Common Stock
03/01/2024
M(1)(2) 358 A \$0 2,294 D
Table II -
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of
Derivative
Security (Instr.
3)
2.
Conversio
n or
Exercise
Price of
Derivative
Security
3. Transaction
Date
(Month/Day/Yea
r)
3A. Deemed
Execution Date,
if any
(Month/Day/Yea
r)
4.
Transacti
on Code
(Instr. 8)
5. Number of
Derivative
Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
6. Date
Exercisable and
Expiration Date
(Month/Day/Yea
r)
7. Title and Amount
of Securities
Underlying Derivative
Security (Instr. 3 and
4)
8.
Price
of
Derivat
ive
Securit
9.
Number
of
derivative
Securities
Beneficial
10.
Ownershi
p Form:
Direct (D)
or Indirect
(I) (Instr.
11. Nature
of Indirect
Beneficial
Ownershi
p (Instr. 4)
Code V (A) (D) Date
Exercis
able
Expiratio
n Date
Title Amount
or
Number
of Shares
y
(Instr.
5)
ly Owned
Following
Reported
Transacti
on(s)
(Instr. 4)
4)
Restricted Stock
Units
(1)(2) 03/01/2024 M 358 (2) (2) Common
Stock
358 \$0 715 D
Restricted Stock
Units
(3) 03/01/2024 A 4,626 (3) (3) Common
Stock
4,626 \$0 4,626 D

Explanation of Responses:

  1. Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.

  2. This portion of Restricted Stock Units vested on March 1, 2024, being the second anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.

  3. The Restricted Stock Units vest 33.3% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date.

Remarks:

/s/ Jessica Woelfel, as attorney-in-fact 03/5/2024

** Signature of Reporting Person Date