Form 4: Ormat Technologies GC, CCO, and CS Jessica Woelfel Sells Shares to Cover Tax Obligations

Jessica Woelfel, GC, CCO, and CS of Ormat Technologies, sold 409 shares of common stock on March 18, 2025, to cover tax obligations related to vesting of Performance Stock Units.

Summary

• On March 18, 2025, Jessica Woelfel, the GC, CCO, and CS of Ormat Technologies, Inc. (ORA), sold 409 shares of common stock.
• The sale was executed at a price of $72.15 per share.
• The transaction was conducted to satisfy tax withholding obligations related to the vesting of Performance Stock Units on March 1, 2025.
• Following the transaction, Woelfel directly owns 6,094 shares of Ormat Technologies common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't convey strong positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations arising from the vesting of stock awards. These transactions do not necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an insider could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.

Key Dates

Keywords

Ormat Technologies, Jessica Woelfel, Form 4, Stock Sale, Tax Obligations, Performance Stock Units, ORA