Form 4: Ormat Technologies Executive Shimon Hatzir Reports Stock Transactions
SEC Form 4 Filing
EVP of Electricity Segment at Ormat Technologies, Shimon Hatzir, reports the vesting and disposal of restricted stock units.
Summary
- On March 1, 2024, Shimon Hatzir, EVP of Electricity Segment at Ormat Technologies, vested 358 restricted stock units (RSUs) which converted into common stock.
- Hatzir then disposed of 358 shares of common stock at $0 price.
- Following these transactions, Hatzir directly owns 715 derivative securities and 2,294 shares of common stock.
- Additionally, Hatzir acquired 4,626 restricted stock units on March 1, 2024.
- These new RSUs vest in three installments: 33.3% on the first and second anniversaries of the grant date, and 33.34% on the third anniversary.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on the overall shareholding structure of Ormat Technologies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for a portion of Restricted Stock Units that vest 25% annually. |
| 03/01/2024 | Date of transaction: Vesting of 358 Restricted Stock Units and acquisition of 4,626 Restricted Stock Units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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