Ormat EVP awarded 3,763 RSUs in Form 4
Benyosef Ofer reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Benyosef Ofer reported acquisition or exercise transactions in this Form 4 filing.
Ormat Technologies executive Benyosef Ofer reported multiple equity award events dated March 1, 2026. Several tranches of restricted stock units and performance stock units vested and were settled into common stock at no cash cost, increasing his directly held common shares to 4,418.
The vested awards come from grants made on March 1, 2022 and other prior grants that vest over four-year and three-year schedules based on time and performance conditions. In addition, he received a new grant of 3,763 time-vesting RSUs that vest in roughly equal installments over the first, second and third anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,308 shares exercised/converted
Exercise
9 txns
Insider
Benyosef Ofer
Role
EVP, Energy Storage & BD
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 358 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,233 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,162 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 555 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,763 | $0.00 | $0.00 |
| Exercise | Common Stock | 358 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,233 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,162 | $0.00 | $0.00 |
| Exercise | Common Stock | 555 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,318 contracts (Direct);
Common Stock — 4,418 shares (Direct)
Footnotes (6)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. In addition, the reporting person was granted 3,763 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 activity did Ormat Technologies (ORA) EVP Benyosef Ofer report?
Benyosef Ofer reported multiple equity award events on March 1, 2026, including vesting of restricted stock units and performance stock units that converted into common shares. These transactions increased his directly held common stock position to 4,418 shares at no cash exercise price.
How many new restricted stock units were granted to Ormat EVP Benyosef Ofer?
On March 1, 2026, Benyosef Ofer was granted 3,763 time-vesting RSUs. According to the disclosure, 33.3% of these RSUs vest on each of the first and second anniversaries, and 33.34% vest on the third anniversary of the grant date.
What happened to Benyosef Ofer’s previously granted RSUs at Ormat Technologies (ORA)?
Portions of previously granted restricted stock units vested on March 1, 2026. One 2022 grant vests 25% annually over four years, while other grants vest in three installments of about one-third each, turning vested units into common shares on the vesting date.
How were performance stock units treated in Benyosef Ofer’s Ormat (ORA) Form 4?
The filing notes performance stock units granted on March 1, 2022 were earned based on performance criteria. The fourth and final vesting installment vested and was paid out on March 1, 2026, completing the payout schedule for that performance-based award.
What is the vesting schedule for Benyosef Ofer’s new Ormat (ORA) RSU grant?
The new grant of 3,763 RSUs vests in three annual installments. The filing states 33.3% vest on the first and second anniversaries of March 1, 2026, and 33.34% vest on the third anniversary, assuming continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
