Form 4: Ormat Technologies CFO Assi Ginzburg Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer Assi Ginzburg reported the vesting and acquisition of restricted stock units in Ormat Technologies, Inc.
Summary
- On March 1, 2024, Assi Ginzburg, the CFO of Ormat Technologies, Inc., reported transactions involving restricted stock units.
- 448 restricted stock units vested, converting into 448 shares of common stock.
- Additionally, 5,859 restricted stock units were acquired.
- Following these transactions, Ginzburg directly owns 24,884 shares of common stock and 5,859 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock options and the acquisition of restricted stock units by a key executive can be seen as a sign of confidence in the company's future, potentially impacting shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for a portion of Restricted Stock Units that vest 25% on each of the first, second, third and fourth anniversaries of the grant date. |
| 03/01/2024 | Date of transaction: Vesting of 448 Restricted Stock Units and acquisition of 5,859 Restricted Stock Units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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