Form 4: Ormat Technologies Executive Exercises Stock Options
SEC Form 4 Filing
Ofer Benyosef, EVP Energy Storage & BD at Ormat Technologies, exercised stock options on March 21, 2025, acquiring 626 shares of common stock.
Summary
- On March 21, 2025, Ofer Benyosef, an executive at Ormat Technologies, Inc., exercised restricted stock units.
- This transaction resulted in the acquisition of 626 shares of common stock.
- Following the transaction, Benyosef directly owns 10,169 shares of common stock.
- The exercised restricted stock units vested on March 21, 2025, which was the second anniversary of the grant date.
- The restricted stock units were granted on March 21, 2023, and vest 25% annually over four years.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Ormat Technologies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for the restricted stock units. |
| 03/21/2025 | Date of transaction: exercise of restricted stock units and vesting of a portion of the units. |
| 03/25/2025 | Date of filing the Form 4. |
Keywords
Ormat Technologies, Stock Options, Form 4, Executive Compensation, Beneficial Ownership, Energy Storage, Ofer Benyosef
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