Form 4: Byron G. Wong Receives RSU Grant at Ormat Technologies

Director Byron G. Wong was granted 899 restricted stock units by Ormat Technologies, Inc. vesting in one year.

Summary

• Director Byron G. Wong received a grant of 899 Restricted Stock Units (RSUs) on June 2, 2026.
• Each RSU represents the right to receive one share of Ormat Technologies (ORA) common stock upon vesting.
• The grant is scheduled to vest 100% on June 2, 2027, exactly one year after the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial health.

Positives

• The RSU grant aligns the director's interests with those of shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• The value of the equity grant is subject to market fluctuations in ORA common stock price.

Future Outlook

The RSUs are set to vest in full on June 2, 2027, contingent upon continued service.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term oversight and alignment with shareholder value in the renewable energy sector.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is a common practice among publicly traded companies to ensure board member retention and alignment.
• The one-year cliff vesting schedule is consistent with standard equity compensation structures for board members.

Stakeholder Impact

• Minimal impact on shareholders as the grant represents a standard component of director compensation.

Next Steps

• Vesting of 899 RSUs on June 2, 2027.

Key Dates

Keywords

Ormat Technologies, ORA, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction