Form 4: Ormat Technologies Director Reports Stock Transactions
SEC Form 4 Filing
Director Michal Marom reports acquisition and disposal of Ormat Technologies (ORA) stock and restricted stock units.
Summary
- On May 9, 2024, Michal Marom, a director of Ormat Technologies, reported transactions involving the company's stock.
- Marom acquired 1,447 shares of common stock and disposed of 2,908 shares.
- Additionally, Marom acquired 1,753 restricted stock units on May 8, 2024, which vest on May 8, 2025.
- 2,170 restricted stock units vested on May 9, 2024.
- Following these transactions, Marom directly owns 1,753 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Acquisition of 1,753 Restricted Stock Units |
| 05/09/2024 | Acquisition of 1,447 shares of common stock and disposal of 2,908 shares; vesting of 2,170 Restricted Stock Units |
| 05/10/2024 | Date of signature for the Form 4 filing |
| 05/08/2025 | Vesting date for 1,753 Restricted Stock Units |
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