0001437749-24-021972.txt : 20240702 0001437749-24-021972.hdr.sgml : 20240702 20240702162648 ACCESSION NUMBER: 0001437749-24-021972 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240701 FILED AS OF DATE: 20240702 DATE AS OF CHANGE: 20240702 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Blachar Doron CENTRAL INDEX KEY: 0001571480 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32347 FILM NUMBER: 241095876 MAIL ADDRESS: STREET 1: 6225 NEIL ROAD CITY: RENO STATE: NV ZIP: 89511 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 2024-07-01 0001296445 ORMAT TECHNOLOGIES, INC. ORA 0001571480 Blachar Doron C/O ORMAT TECHNOLOGIES, INC. 6140 PLUMAS ST. RENO NV 89519-6075 1 Chief Executive Officer 0 Common Stock, par value $0.001 per share 2024-07-01 4 M 0 981 0 A 21972 D Common Stock, par value $0.001 per share 2024-07-01 4 M 0 1505 0 A 23477 D Restricted Stock Units 2024-07-01 4 M 0 981 0 D Common Stock, par value $0.001 per share 981 0 D Restricted Stock Units 2024-07-01 4 M 0 1505 0 D Common Stock, par value $0.001 per share 1505 0 D On July 1, 2020, the reporting person was granted performance stock units (with a target amount of 6,540), 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 July 1, 2023, the third anniversary of the grant date of the PSUs, the PSUs performance vested in an amount equal to 3,924 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 July 1, 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 since the grant date. In addition to the PSUs, the reporting person was granted 6,020 time-vesting RSUs on July 1, 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 July 1, 2024, the fourth-year anniversary of the date of grant. /s/ Jessica Woelfel, as attorney-in-fact 2024-07-02