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ORMAT TECHNOLOGIES, INC. Director's Dealing 2024

Jan 3, 2024

6968_rns_2024-01-03_fb79236f-53f5-499b-a8c9-3cb93c7885ac.pdf

Director's Dealing

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FORM 4
-------- --

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1.
Name and Address of Reporting Person*
2.
Issuer Name and
Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Hatzir Shimon Ormat Technologies, Inc. [ORA] Director
Officer (give
10% Owner
Other (specify
(Last)
6140 Plumas Street
RENO
(City)
(First)
c/o Ormat Technologies, Inc.
(Street)
NEVADA
(State)
(Middle)
89519-6075
(Zip)
3.
Date of Earliest Transaction Required
4.
If Amendment, Date Original Filed
to be Reported (Month/Day/Year)
(Month/Day/Year)
12/31/2023
6. X
title below)
below)
EVP, Electricity Segment
Individual or Joint/Group Filing (Check Applicable Line)
X
Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I —
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.
Title of Security
(Instr. 3)
2. Trans
action
Date
2A. Deemed
Execution
Date,
3.
Transaction
4.
Securities Acquired (A)
Code (Instr. 8)
or Disposed of (D)
(Instr. 3, 4 and 5)
5.
Amount of
Securities
Beneficially
6.
Owner
ship
Form:
7.
Nature
of In
direct
(Month/
Day/
Year)
if any
(Month/
Day/
Year)
Code V Amount (A) or
(D)
Price Owned
Following
Reported
Transaction(s)
(Instr. 3 and 4)
Direct (D)
or
Indirect
(I)
(Instr. 4)
Bene
ficial
Owner
ship
(Instr. 4)
Common Stock 12/31/2023 12/31/2023 M 526 A \$0 1,936 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1. Title of Derivative
Security (Instr. 3)
2. Conversion
or Exercise
Price of
Derivative
Security
3. Trans
action
Date
(Month/
Day/
Year)
3A.Deemed
Execution
Date, if any
(Month/
Day/
Year)
4. Transaction
Code (Instr. 8)
5. Number of
Deriva
tive Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and
Expiration Date
(Month/Day/Year)
7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)
Amount or
8. Price of
Deriv
ative Secu
rity
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned
Following
10. Owner
ship Form
of Deriva
tive
Security:
Direct (D)
11.Nature
of Indirect
Beneficial
Owner
ship (Instr.
4)
Code V (A) (D) Date Exer
cisable
Expiration
Date
Title Number of
Shares
Reported
Transac
tion(s)
(Instr. 4)
or Indirect
(I) (Instr.
4)
Restricted Stock
Units
(1) 12/31/2023 M 526 (2) (2) Common
Stock
526 \$0 525 D

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Explanation of Responses (footnotes):

(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 December 31, 2023, being the third anniversary of the date of grant. These Restricted Stock Units were granted on December 31, 2020 and vested 50% on the second anniversary of the grant date, 25% on the third anniversary of the grant date, and will vest 25% on the fourth anniversary of the grant date.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

/s/ Jessica Woelfel - as attorney-in-fact 01/02/2024

**Signature of Reporting Person Date

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Page 2

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.