Form 4: Ormat Technologies Director Stanley Stern Sells 1,825 Shares
SEC Form 4 Filing
Director Stanley Stern sold 1,825 shares of Ormat Technologies (ORA) on March 28, 2024, at a price of $66.95 per share.
Summary
- On March 28, 2024, Stanley Stern, a director of Ormat Technologies, Inc. (ORA), sold 1,825 shares of common stock in the open market.
- The sale price was $66.95 per share.
- Following the transaction, Stern directly owns 4,835 shares of Ormat Technologies.
Sentiment
Score: 5
Explanation: This is a neutral report on a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for directors and officers of publicly traded companies to buy and sell shares of their company's stock. These transactions are closely monitored by regulators to prevent insider trading.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the relatively small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of the transaction: Stanley Stern sold 1,825 shares of Ormat Technologies. |
| 04/01/2024 | Date of signature for the report. |
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