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Ormat Technologies : Other Report or Announcement
March 21, 2024 at 08:55 pm
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may
continue. See Instruction 1(b).
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
OMB Number:
3235-0287
Estimated average burden
hours per response:
0.5
1. Name and Address of Reporting Person*
2. Issuer Name and Ticker or Trading Symbol
5. Relationship of Reporting Person(s) to Issuer
Ginzburg
Assaf
ORMAT TECHNOLOGIES, INC. [ ORA ]
(Check all applicable)
Director
10% Owner
3. Date of Earliest Transaction (Month/Day/Year)
(Last)
(First)
(Middle)
X
Officer (give title
Other (specify
03/21/2024
below)
below)
C/O ORMAT TECHNOLOGIES, INC.
Chief Financial Officer
6140 PLUMAS ST.
(Street)
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
RENO
NV
89519
Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Rule 10b5-1(c) Transaction Indication
Check this box to indicate that a transaction was made
pursuant to a contract, instruction or written plan that is
intended to satisfy the affirmative defense conditions of Rule
10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date
2A. Deemed
3.
4. Securities Acquired
(Month/Day/Year)
Execution Date, if
Transaction
(A) or Disposed Of (D)
any
Code (Instr.
(Instr. 3, 4 and 5)
(Month/Day/Year)
8)
(A)
Code
V
Amount
or
Price
(D)
5. Amount of
6.
7. Nature of
Securities
Ownership
Indirect
Beneficially
Form:
Beneficial
Owned Following
Direct (D) or
Ownership
Reported
Indirect (I)
(Instr. 4)
Transaction(s)
(Instr. 4)
(Instr. 3 and 4)
3/19/2024 13:28
AMERICAS 123426840 v5 [2. WC Comments - Form 4 - Assaf Ginzburg - 21 March 2024.docx]
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of
2.
3. Transaction
3A. Deemed
4.
5. Number of
6. Date
7. Title and Amount
8.
9.
10.
11. Nature
Derivative
Conversio
Date
Execution Date,
Transacti
Derivative
Exercisable and
of Securities
Price
Number
Ownershi
of Indirect
Security (Instr.
n or
(Month/Day/Yea
if any
on Code
Securities
Expiration Date
Underlying Derivative
of
of
p Form:
Beneficial
3)
Exercise
r)
(Month/Day/Yea
(Instr. 8)
Acquired (A) or
(Month/Day/Yea
Security (Instr. 3 and
Derivat
derivative
Direct (D)
Ownershi
Price of
r)
Disposed of (D)
r)
4)
ive
Securities
or Indirect
p (Instr. 4)
Derivative
(Instr. 3, 4 and 5)
Securit
Beneficial
(I) (Instr.
Security
y
ly Owned
4)
(Instr.
Following
5)
Reported
Transacti
on(s)
Amount
(Instr. 4)
Date
or
Exercis
Expiratio
Number
Code
V
(A)
(D)
able
n Date
Title
of Shares
Restricted Stock
(1)(2)
M
1,064
(2)
(2)
Common
1,064
$0
3,190
D
Units
03/21/2024
Stock
Explanation of Responses:
Each Restricted Stock Unit represents the right to receive one share of ORA common stock upon vesting.
This portion of Restricted Stock Units vested on March 21, 2024, being the first anniversary of the date of grant. These Restricted Stock Units were granted on March 21, 2023 and vest 25% on the first, second, third and fourth anniversary of the grant date.
Remarks:
/s/ Jessica Woelfel, as attorney-in-fact
03/21/2024
** Signature of Reporting Person
Date
2
3/19/2024 13:28
AMERICAS 123426840 v5 [2. WC Comments - Form 4 - Assaf Ginzburg - 21 March 2024.docx]
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21 March 2024 and is solely responsible for the information contained therein. Distributed by
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21 March 2024 20:53:59 UTC .
Transcript : Ormat Technologies, Inc., Q1 2024 Earnings Call, May 09, 2024
05-09
Ormat Technologies Q1 Adjusted Earnings, Revenue Rise; Reaffirms Guidance
05-08
MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q1 Revenue $224.2M, vs. Street Est of $218.8M
05-08
MT
Ormat Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
05-08
CI
Transcript : Ormat Technologies, Inc. - Shareholder/Analyst Call
05-08
Ormat Technologies, Inc. Signs PPA for a New Geothermal Power Plant in Guadeloupe with Electricité de France
03-04
CI
Transcript : Ormat Technologies, Inc., Q4 2023 Earnings Call, Feb 22, 2024
02-22
Ormat Technologies Q4 Adjusted Earnings Fall, Revenue Rises; Declares Dividend
02-21
MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q4 EPS $0.67, vs. Street Est of $0.56
02-21
MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q4 Revenue $241.3M, vs. Street Est of $239.7M
02-21
MT
Ormat Technologies, Inc. Provides Revenue Guidance for the Year of 2024
02-21
CI
Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 20, 2024; Provides Dividend Guidance for the Next Three Quarters
02-21
CI
Ormat Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
02-21
CI
Ormat Technologies Subsidiary Receives Approval for Amended Power Purchase Deal With Hawaiian Electric
02-12
MT
Barclays Adjusts Price Target on Ormat Technologies to $75 From $82, Keeps Equalweight Rating
02-05
MT
Oppenheimer Adjusts Ormat Technologies Price Target to $83 From $84, Maintains Outperform Rating
01-19
MT
UBS Trims Price Target on Ormat Technologies to $92 From $95, Keeps Buy Rating
01-04
MT
Italy's Enel finalises sale of several U.S. green assets to Ormat
01-04
RE
Ormat Technologies, Inc. completed the acquisition of 150 MW Portfolio of Enel Green Power North America, Inc.
01-03
CI
Ormat Technologies Signs Energy Storage Deal With San Diego Community Power
12-12
MT
Ormat Technologies, Inc. Secures 15-Year Energy Storage Service Agreement with San Diego Community Power for Pomona 2 Energy Storage Facility
12-12
CI
Ormat Technologies, Inc. Announces Development of 10 MW Binary Geothermal Power Plant in Caribbean Country of Dominica
12-06
CI
Ormat Signs Power Purchase Agreement with Dominica Electricity Services Ltd
12-06
CI
Transcript : Ormat Technologies, Inc., Q3 2023 Earnings Call, Nov 09, 2023
11-09
Ormat Technologies Q3 Adjusted Earnings, Revenue Rise; Updates Guidance
11-08
MT
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low, medium and high-temperature heat into electricity. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.
More about the company
Last Close Price
70.29
USD
Average target price
76.71
USD
Spread / Average Target
+9.14%
Consensus
1st Jan change
Capi.
-7.26% 4.25B +12.51% 11.75B -22.79% 7.68B +10.61% 4.21B -33.33% 2.98B +6.74% 2.67B -22.16% 1.12B +103.90% 868M -7.14% 610M -25.00% 538M
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