Ofer Benyosef - Mar 1, 2022 Form 4 Insider Report for ORMAT TECHNOLOGIES, INC. (ORA)

Role
EVP - Energy Storage & BD
Signature
/s/ Ehud Ben Yemini as Attorney -in-Fact
Stock symbol
ORA
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 01:59 PM
Next filing
May 12, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORA Stock Appreciation Rights Award $0 +4.4K +20.69% $0.00 25.7K Mar 1, 2022 Common stock 4.4K $71.15 Direct F2
transaction ORA Restricted Stock Units Award $0 +1.43K +51.25% $0.00 4.22K Mar 1, 2022 Common stock 1.43K Direct F1, F3
transaction ORA Performance Stock Units Award $0 +2.66K +103.63% $0.00 5.22K Mar 1, 2022 Common stock 2.66K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of ORA common stock upon vesting.
F2 The stock appreciation rights vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the date of grant.
F3 The restricted stock units vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the date of grant.
F4 The Performance stock units vest 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the date of grant.