Form 4: Ormat Technologies Director Stanley Stern Sells 900 Shares
SEC Form 4 Filing
Director Stanley Stern sold 900 shares of Ormat Technologies (ORA) on June 6, 2024, at a price of $74.88 per share.
Summary
- On June 6, 2024, Stanley Stern, a director of Ormat Technologies, Inc. (ORA), sold 900 shares of common stock.
- The sale was executed in the open market at a price of $74.88 per share.
- Following the transaction, Stern directly owns 4,759 shares of Ormat Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's stock. This provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of the stock sale transaction. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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