Ormat Technologies Legal Chief Sells $47K in Stock Through Planned Transaction
Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of Ormat Technologies (NYSE: ORA), reported insider sales transactions executed on June 18, 2025, pursuant to a pre-established 10b5-1 trading plan from December 2024.
Rhea-AI Filing Summary
Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of Ormat Technologies (NYSE: ORA), reported insider sales transactions executed on June 18, 2025, pursuant to a pre-established 10b5-1 trading plan from December 2024.
The transactions involved two separate sales of common stock:
- Sale of 251 shares at $82 per share
- Sale of 313 shares at $85 per share
Following these transactions, Woelfel retains direct beneficial ownership of 5,926 shares of Ormat Technologies common stock. The sales were executed according to a predetermined trading plan, which helps demonstrate compliance with insider trading regulations and provides an affirmative defense against potential allegations of trading on material non-public information.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 251 | $82.00 | $21K |
| Sale | Common Stock | 313 | $85.00 | $27K |
Footnotes (1)
- F1. Represents shares of common stock sold in the open market on June 18, 2025, pursuant to a 10b5-1 Plan Dated 12/02/2024.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.