Ormat (NYSE: ORA) CFO reports RSU vesting, PSU payout and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ORMAT TECHNOLOGIES, INC. Chief Financial Officer Assi Ginzburg reported multiple equity incentive transactions dated March 1, 2026. Several blocks of previously granted restricted stock units and performance stock units vested and were settled into a total of 5,030 shares of common stock at no cash exercise price.
The filing also shows a new award of 5,953 time-vesting RSUs granted on March 1, 2026, which will vest in roughly equal installments over three years as described in the footnotes. Following these transactions, Ginzburg directly owns 9,512 shares of common stock and 5,953 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,030 shares exercised/converted
Mixed
9 txns
Insider
Ginzburg Assi
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 447 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,953 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,936 | $0.00 | -- |
| Exercise | Restricted Stock Units | 694 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,953 | $0.00 | -- |
| Exercise | Common Stock | 447 | $0.00 | -- |
| Exercise | Common Stock | 1,953 | $0.00 | -- |
| Exercise | Common Stock | 1,936 | $0.00 | -- |
| Exercise | Common Stock | 694 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 4,929 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 5,953 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 did Ormat Technologies (ORA) CFO Assi Ginzburg report on this Form 4?
Assi Ginzburg reported vesting and settlement of several restricted stock unit and performance stock unit awards into common stock, plus a new grant of 5,953 time-vesting RSUs. All transactions were classified as acquisitions, with no reported sales or dispositions.
What new equity award did the Ormat (ORA) CFO receive on March 1, 2026?
On March 1, 2026, the CFO received a grant of 5,953 time-vesting restricted stock units. According to the footnotes, 33.3% vest on the first and second anniversaries of the grant date and 33.34% on the third anniversary, subject to continued service.
What are the vesting terms for the Ormat (ORA) RSUs reported in this filing?
The filing describes multiple RSU schedules. One grant vests 25% annually over four years from March 1, 2022, while others vest in roughly one-third installments over three years. Certain performance stock units vested based on achievement of performance criteria and were paid out on March 1, 2026.