Form 4: Ormat Technologies Director Wong Exercises Stock Options and Disposes of Shares
SEC Form 4
Byron G. Wong, a director at Ormat Technologies, exercised stock options and disposed of shares to cover the exercise price on August 2, 2024.
Summary
- On August 2, 2024, Byron G. Wong, a director of Ormat Technologies, Inc., exercised stock options to purchase 7,500 shares of common stock at a price of $57.97 per share.
- The exercised options were set to expire on August 4, 2024.
- To cover the exercise price, Wong disposed of 5,665 shares at $76.75.
- Following these transactions, Wong directly owns 8,172 shares of Ormat Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock option exercises and share disposals by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Key Dates
| Date | Description |
|---|---|
| 08/04/2018 | Original date exercisable for stock options |
| 08/04/2024 | Expiration date of stock options |
| 08/02/2024 | Date of stock option exercise and share disposal |
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