Form 4: Ormat Technologies Director Stanley Stern Reports Stock Transactions
SEC Form 4 Filing
Director Stanley Stern reports acquisition and disposal of Ormat Technologies stock and restricted stock units.
Summary
- On May 9, 2024, Stanley Stern, a director of Ormat Technologies, Inc., reported a transaction involving common stock.
- Stern acquired 1,447 shares of common stock through the vesting of restricted stock units.
- Stern also disposed of 1,447 shares of common stock.
- Following these transactions, Stern directly owns 8,107 shares of common stock.
- Additionally, Stern was granted 1,753 restricted stock units on May 8, 2024, which vest on May 8, 2025.
- 1,447 restricted stock units vested on May 9, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of grant of 1,753 Restricted Stock Units |
| 05/08/2025 | Vesting date (100%) for a portion of Restricted Stock Units granted on May 8, 2024 |
| 05/09/2024 | Date of common stock transaction and vesting of 1,447 Restricted Stock Units |
| 05/10/2024 | Date of signature for the Form 4 filing |
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