0001437749-24-016670.txt : 20240514
0001437749-24-016670.hdr.sgml : 20240514
20240514164215
ACCESSION NUMBER: 0001437749-24-016670
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240512
FILED AS OF DATE: 20240514
DATE AS OF CHANGE: 20240514
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ginzburg Assi
CENTRAL INDEX KEY: 0001361024
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32347
FILM NUMBER: 24945190
MAIL ADDRESS:
STREET 1: 7102 COMMERCE WAY
CITY: BRENTWOOD
STATE: TN
ZIP: 37027
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ORMAT TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001296445
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 880326081
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6140 PLUMAS STREET
CITY: RENO
STATE: NV
ZIP: 89519-6075
BUSINESS PHONE: 775-356-9029
MAIL ADDRESS:
STREET 1: 6140 PLUMAS STREET
CITY: RENO
STATE: NV
ZIP: 89519-6075
4
1
rdgdoc.xml
FORM 4
X0508
4
2024-05-12
0001296445
ORMAT TECHNOLOGIES, INC.
ORA
0001361024
Ginzburg Assi
C/O ORMAT TECHNOLOGIES, INC.
6140 PLUMAS ST.
RENO
NV
89519-6075
1
Chief Financial Officer
0
Common Stock, par value $0.001 per share
2024-05-12
4
M
0
492
0
A
26440
D
Common Stock, par value $0.001 per share
2024-05-12
4
M
0
837
0
A
27277
D
Restricted Stock Units
2024-05-12
4
M
0
492
0
D
Common Stock
492
0
D
Restricted Stock Units
2024-05-12
4
M
0
837
0
D
Common Stock
837
0
D
On May 12, 2020, the reporting person was granted performance stock units (with a target amount of 3,075), each of which represents the right to receive one share of ORA common stock upon vesting (the "PSUs"). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. On May 12, 2023, the third anniversary of the grant date of the PSUs, the PSUs performance vested in an amount equal to 1,968 shares, based on the issuer's achievement of relative total stockholder return during such performance period. 75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date and the remaining 25% of such PSUs were subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as restricted stock units ("RSUs").
On May 12, 2024, the fourth anniversary of the grant date of the PSUs, the remaining 25% of such PSUs that converted into RSUs time vested, based on the reporting person's continued service through such date.
In addition to the PSUs, the reporting person was granted 3,350 time-vesting RSUs on May 12, 2020. Each RSU represents the right to receive one share of ORA common stock upon vesting. The final 25% of these time-vesting RSUs vested on May 12, 2024, the fourth-year anniversary of the date of grant.
/s/ Jessica Woelfel, as attorney-in-fact
2024-05-14