Form 4: Ormat Technologies Executive Exercises Stock Options
SEC Form 4 Filing
Shimon Hatzir, EVP of Electricity Segment at Ormat Technologies, exercised stock options and disposed of shares on March 21, 2024.
Summary
- On March 21, 2024, Shimon Hatzir, the EVP of Electricity Segment at Ormat Technologies, exercised restricted stock units.
- This transaction involved the vesting of 876 restricted stock units, which were granted on March 21, 2023.
- The vested units represent the right to receive one share of ORA common stock each.
- Following the transaction, Hatzir directly owns 2,627 derivative securities and 3,170 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure.
Industry Context
This is a routine disclosure of insider transactions, common for executives holding stock options or restricted stock units.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it's a routine executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for the restricted stock units, vesting 25% annually. |
| 03/21/2024 | Date of transaction: Shimon Hatzir exercised 876 restricted stock units. |
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