Form 4: Ormat Technologies Executive Jessica Woelfel Reports Stock Transactions

Jessica Woelfel, GC, CCO, and CS of Ormat Technologies, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Jessica Woelfel, an officer of Ormat Technologies, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 21, 2025, 563 restricted stock units vested, each representing the right to receive one share of ORA common stock.
• These units vested on the second anniversary of the grant date, which was March 21, 2023.
• Woelfel sold 167 shares of common stock on March 24, 2025, at a price of $71.64 per share to satisfy tax withholding obligations related to the vesting of the restricted stock units.
• Following these transactions, Woelfel directly owns 6,490 shares of Ormat Technologies common stock and 1,126 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant.

Key Dates

Keywords

Form 4, Ormat Technologies, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Jessica Woelfel, ORA