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 21, 2025, Shimon Hatzir, EVP of Electricity Segment at Ormat Technologies, Inc., reported transactions involving restricted stock units.
- 876 restricted stock units vested and were subsequently disposed of at a price of $0.
- Following the reported transactions, Hatzir directly owns 9,637 shares of common stock and 1,752 restricted stock units.
- The restricted stock units were granted on March 21, 2023, and vest 25% annually over four years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock transactions.
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 transaction has a minor impact on shareholders as it reflects the execution of a pre-existing compensation plan.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for the restricted stock units, vesting 25% annually over four years. |
| 03/21/2025 | Date of transaction: 876 restricted stock units vested and were disposed of. |
| 03/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Ormat Technologies, ORA, Shimon Hatzir, Restricted Stock Units, Form 4, Beneficial Ownership, Executive Compensation
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