4/A: Ormat Technologies Director Stanley Stern Amends Form 4 Filing to Correct Beneficial Ownership

Stanley Stern, a director at Ormat Technologies, filed an amended Form 4 to correct the reported amount of securities beneficially owned following a transaction involving restricted stock units.

Summary

• Stanley Stern, a director of Ormat Technologies, Inc. [ORA], filed an amendment to a previous Form 4 filing.
• The amendment corrects the amount of securities beneficially owned following a transaction involving restricted stock units.
• The original filing, dated May 10, 2024, incorrectly reported the amount as 8,107, while the corrected amount is 6,282.
• On May 8, 2024, Stern acquired 1,753 restricted stock units, which will vest on May 8, 2025.
• On May 9, 2024, 1,447 restricted stock units vested.
• The transactions involved the vesting and acquisition of restricted stock units, each representing the right to receive one share of ORA common stock.
• The filing was signed by Jessica Woelfel as attorney-in-fact on May 21, 2024.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction itself doesn't suggest any positive or negative implications for the company's performance.

Negatives

• The initial Form 4 filing contained an administrative error, leading to an incorrect reporting of the amount of securities beneficially owned.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider ownership.

Key Dates