Form 4: Ormat Technologies Director Stern Stanley Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Stanley Stern exercised stock options and disposed of shares of Ormat Technologies, Inc. on November 7, 2024.
Summary
- On November 7, 2024, Stanley Stern, a director of Ormat Technologies, Inc., exercised stock options for 1,621 shares of common stock at a price of $53.16 per share.
- The exercise of these options was facilitated through a reduction in the number of shares issued to Stern, equivalent to the value of the exercise price.
- Following the exercise and subsequent disposal of shares to cover the exercise price and taxes, Stern directly owns 5,342 shares of Ormat Technologies common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors. It's a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it's a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 11/07/2018 | Original date of stock options that were exercised. |
| 11/07/2024 | Date of stock option exercise and share disposal. |
| 11/07/2024 | Expiration date of stock options. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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