4/A: Ormat Technologies Director Wong Exercises Stock Options and Amends Previous Filing
SEC Form 4/A
Director Byron G. Wong exercised stock options and adjusted a previous filing related to tax obligations for Ormat Technologies, Inc.
Summary
- Byron G. Wong, a director of Ormat Technologies, Inc., exercised stock options for 7,500 shares of common stock at a price of $57.97 on August 2, 2024.
- The exercise price was paid via a reduction in the number of shares issued to Wong.
- An amendment to a previous Form 4 filing was made to report an adjustment of 460 shares withheld for tax obligations due to an administrative error.
- Following the reported transactions, Wong beneficially owns 8,632 shares of Ormat Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option exercises and a correction of a previous filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The stock option exercise has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/04/2018 | Original date exercisable for stock options |
| 08/02/2024 | Date of stock option exercise and original filing |
| 08/04/2024 | Expiration date of stock options |
| 05/19/2025 | Date of earliest transaction |
| 05/22/2025 | Date of signature on the amended form |
Keywords
Ormat Technologies, Director, Stock Options, Form 4, Amendment, Beneficial Ownership, ORA, Wong
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