Form 4: Ormat Technologies Executive Exercises and Acquires Restricted Stock Units
SEC Form 4 Filing
Jessica Woelfel, GC, CCO, and CS of Ormat Technologies, exercised restricted stock units and acquired additional units on March 1, 2024.
Summary
- On March 1, 2024, Jessica Woelfel, GC, CCO, and CS of Ormat Technologies, exercised 313 restricted stock units (RSUs) that vested, converting them into 313 shares of common stock.
- Woelfel also acquired 3,238 new restricted stock units on the same day.
- Following these transactions, Woelfel directly owns 2,565 shares of common stock and 3,238 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of insider transactions related to stock-based compensation.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it's a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for a portion of the Restricted Stock Units that vest 25% on each of the first, second, third and fourth anniversaries of the grant date. |
| 03/01/2024 | Date of transaction: Woelfel exercised 313 RSUs and acquired 3,238 new RSUs. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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