Ormat (ORA) EVP gains 3,763 new RSUs as prior awards vest

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Benyosef Ofer

(Last) (First) (Middle)

C/O ORMAT TECHNOLOGIES, INC.

6884 SIERRA CENTER PARKWAY

(Street)

RENO NV 89511

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ORMAT TECHNOLOGIES, INC. [ ORA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Energy Storage & BD

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		M(1)(2)		358	A	$0	1,468	D
Common Stock	03/01/2026		M(1)(3)		1,233	A	$0	2,701	D
Common Stock	03/01/2026		M(1)(4)		1,162	A	$0	3,863	D
Common Stock	03/01/2026		M(1)(5)		555	A	$0	4,418	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)	03/01/2026		M			358	(2)	(2)	Common Stock	358	$0	0	D
Restricted Stock Units	(1)(3)	03/01/2026		M			1,233	(3)	(3)	Common Stock	1,233	$0	1,233	D
Restricted Stock Units	(1)(4)	03/01/2026		M			1,162	(4)	(4)	Common Stock	1,162	$0	2,322	D
Restricted Stock Units	(1)(5)	03/01/2026		M			555	(5)	(5)	Common Stock	555	$0	0	D
Restricted Stock Units	(1)(6)	03/01/2026		A		3,763		(6)	(6)	Common Stock	3,763	$0	3,763	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of ORA common stock upon vesting.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

	/s/ Jessica Woelfel - as attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.

Did Benyosef Ofer pay a cash exercise price for the Ormat (ORA) shares received?

No cash exercise price was required for these transactions. The disclosures show a per-share price of $0.0000 for the conversions, meaning common stock was delivered upon vesting of restricted and performance units rather than through a cash stock option exercise.

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.