Form 4: Ormat Technologies Executive Exercises Restricted Stock Units
SEC Form 4 Filing
Jessica Woelfel, GC, CCO, and CS of Ormat Technologies, exercised restricted stock units on March 21, 2024, acquiring 563 shares of common stock.
Summary
- Jessica Woelfel, a key officer at Ormat Technologies, exercised 563 restricted stock units on March 21, 2024.
- These units converted into 563 shares of ORA common stock.
- Following the transaction, Woelfel directly owns 1,689 derivative securities and 3,128 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Ormat Technologies.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for the restricted stock units, which vest 25% annually over four years. |
| 03/21/2024 | Date of transaction: Jessica Woelfel exercised 563 restricted stock units. |
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