Form 4: Ormat Technologies CFO Exercises Restricted Stock Units
SEC Form 4 Filing
Assi Ginzburg, CFO of Ormat Technologies, exercised restricted stock units on March 21, 2024, acquiring 1,064 shares of common stock.
Summary
- On March 21, 2024, Assi Ginzburg, the Chief Financial Officer of Ormat Technologies, Inc. (ORA), exercised restricted stock units.
- This transaction resulted in the acquisition of 1,064 shares of common stock.
- Following the transaction, Ginzburg directly owns 25,948 shares of common stock and 3,190 restricted stock units.
- The restricted stock units were granted on March 21, 2023, and vest 25% annually over four years.
Sentiment
Score: 5
Explanation: This is a neutral event, simply a routine disclosure of an executive exercising vested stock options.
Industry Context
Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date the Restricted Stock Units were granted. |
| 03/21/2024 | Date of the transaction (exercise of restricted stock units). |
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