Ormat Technologies (NYSE: ORA) EVP awarded 3,463 restricted stock units

Rhea-AI Filing Summary

Willis Aron John reported acquisition or exercise transactions in this Form 4 filing.

ORMAT TECHNOLOGIES, INC. executive Aron John Willis, EVP of the Electricity Segment, received a grant of 3,463 restricted stock units. Each unit represents one share of ORA common stock upon vesting. The award vests over three years, with 33.3% vesting on the first and second anniversaries of the March 1, 2026 grant date and 33.34% vesting on the third anniversary.

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

OMB APPROVAL

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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^*

Willis Aron John

(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, Electricity Segment

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

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		A		3,463		(2)	(2)	Common Stock	3,463	$0	3,463	D

Explanation of Responses:

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

2. The reporting person was granted 3,463 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did ORA report for Aron John Willis on this Form 4?

ORA reported that EVP Aron John Willis received 3,463 restricted stock units as an equity award. These units convert into ORA common shares upon vesting, aligning part of his compensation with the company’s stock performance over several years.

How many restricted stock units did ORA grant to its EVP on March 1, 2026?

ORA granted 3,463 restricted stock units to its EVP, Electricity Segment, on March 1, 2026. Each RSU represents one share of ORA common stock, subject to a multi-year vesting schedule tied to continued service with the company.

What is the vesting schedule for the 3,463 ORA restricted stock units?

The 3,463 ORA restricted stock units vest in three annual installments. 33.3% vest on the first anniversary of the March 1, 2026 grant date, another 33.3% on the second anniversary, and 33.34% on the third anniversary, subject to applicable conditions.

What does each ORA restricted stock unit granted to Aron John Willis represent?

Each ORA restricted stock unit represents the right to receive one share of ORA common stock upon vesting. This structure ties the executive’s potential compensation to future ORA share value as the units convert into actual shares over time.

Is the Form 4 transaction for ORA an open-market purchase or a stock award?

The Form 4 transaction for ORA is a stock award, not an open-market purchase. Aron John Willis acquired 3,463 restricted stock units as a grant with zero purchase price, reflecting equity-based compensation rather than a market transaction.