September 26, 2025 · Form 4 insider transaction
STERN STANLEY sold 981 shares of Ormat Technologies, Inc. at $94.83 per share, a transaction worth $93.0K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
This represents the difference between the number of SARs exercised (1,210) and the number of shares issued as a result of the exercise (229). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the market value on the date of exercise ($94.83) and the exercise price ($76.87).