Ormat Technologies (ORA) GC Jessica Woelfel gains stock via RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ORMAT TECHNOLOGIES, INC. reported equity awards and vesting activity for executive Jessica Woelfel, its GC, CCO, and CS. On March 1, 2026, multiple batches of previously granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) vested, and were converted into shares of common stock at a price of $0.00 per share.
The filing shows derivative exercises of RSUs totaling several small grants, alongside the fourth and final vesting installment of PSUs originally granted on March 1, 2022 and earned based on performance criteria. After these conversions, Woelfel directly owned 6,661 shares of common stock. In addition, she received a new grant of 4,980 time‑vesting RSUs on March 1, 2026, which are scheduled to vest in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,228 shares exercised/converted
Mixed
9 txns
Insider
Woelfel Jessica
Role
GC, CCO, and CS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 313 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,079 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,350 | $0.00 | -- |
| Exercise | Restricted Stock Units | 486 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,980 | $0.00 | -- |
| Exercise | Common Stock | 313 | $0.00 | -- |
| Exercise | Common Stock | 1,079 | $0.00 | -- |
| Exercise | Common Stock | 1,350 | $0.00 | -- |
| Exercise | Common Stock | 486 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 3,746 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting. This portion of RSUs vested on March 1, 2026, being the fourth anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date. This portion of RSUs vested on March 1, 2026, being the second anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. This portion of RSUs vested on March 1, 2026, being the first anniversary of the date of grant. These RSUs vest 33.33% on the first and second anniversary of the grant date and will vest 33.34% on the third anniversary of the grant date. These PSUs were granted on March 1, 2022, and earned based on achievement of certain performance criteria, as previously reported on the reporting person's Form 4 filed on March 4, 2025. This represents the fourth and final vesting installment, which vested and was paid out on March 1, 2026. In addition, the reporting person was granted 4,980 time-vesting RSUs on March 1, 2026. 33.3% of these time-vesting RSUs vest on the first and second anniversary of the grant date and 33.34% on the third anniversary of the grant date.
FAQ
What insider transactions did ORA executive Jessica Woelfel report?
Jessica Woelfel reported several equity award events on March 1, 2026. Previously granted RSUs and PSUs vested and were converted to common stock at $0.00 per share, and she also received a new grant of 4,980 time‑vesting RSUs, all held as direct ownership.
Did Jessica Woelfel buy or sell Ormat Technologies (ORA) stock for cash?
The transactions involved equity award vesting and conversions at $0.00 per share, not open‑market buying or selling. RSUs and PSUs granted earlier vested into common shares, and a new RSU grant was awarded, reflecting non‑cash compensation rather than cash purchases or sales.
What are the terms of Jessica Woelfel’s new 4,980 RSU grant at ORA?
She was granted 4,980 time‑vesting RSUs on March 1, 2026. According to the disclosure, 33.3% vest on the first and second anniversaries of the grant date, and 33.34% vest on the third anniversary, contingent on continued service during those periods.
How do the vested RSUs and PSUs for ORA’s Jessica Woelfel vest over time?
Earlier RSU grants vest in tranches over two to four years, with portions vesting on each anniversary of the grant date. The reported PSUs from March 1, 2022 vested based on performance criteria, with the March 1, 2026 event representing the fourth and final vesting installment.
What does transaction code “M” mean in the ORA insider filing for Jessica Woelfel?
Transaction code “M” indicates exercise or conversion of a derivative security, such as RSUs or PSUs, into common stock. In this case, several RSU and PSU portions vested and converted into Ormat Technologies common shares at $0.00 per share on March 1, 2026.