<SEC-DOCUMENT>0001437749-25-006185.txt : 20250304
<SEC-HEADER>0001437749-25-006185.hdr.sgml : 20250304
<ACCEPTANCE-DATETIME>20250304212108
ACCESSION NUMBER:		0001437749-25-006185
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240301
FILED AS OF DATE:		20250304
DATE AS OF CHANGE:		20250304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hatzir Shimon
		CENTRAL INDEX KEY:			0001308075
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32347
		FILM NUMBER:		25708427

	MAIL ADDRESS:	
		STREET 1:		6225 NEIL ROAD, SUITE 300
		STREET 2:		C/O ORMAT TECHNOLOGIES, INC.
		CITY:			RENO
		STATE:			NV
		ZIP:			89511

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ORMAT TECHNOLOGIES, INC.
		CENTRAL INDEX KEY:			0001296445
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				880326081
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6884 SIERRA CENTER PARKWAY
		CITY:			RENO
		STATE:			NV
		ZIP:			89511
		BUSINESS PHONE:		775-356-9029

	MAIL ADDRESS:	
		STREET 1:		6884 SIERRA CENTER PARKWAY
		CITY:			RENO
		STATE:			NV
		ZIP:			89511
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2024-03-01</periodOfReport>

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        <issuerCik>0001296445</issuerCik>
        <issuerName>ORMAT TECHNOLOGIES, INC.</issuerName>
        <issuerTradingSymbol>ORA</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>Hatzir Shimon</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ORMAT TECHNOLOGIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>6884 SIERRA CENTER PARKWAY</rptOwnerStreet2>
            <rptOwnerCity>RENO</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89511</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP, Electricity Segment</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                    <value>555</value>
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    <footnotes>
        <footnote id="F1">Each Restricted Stock Unit (&quot;RSU&quot;) represents the right to receive one share of ORA common stock upon vesting.</footnote>
        <footnote id="F2">This portion of Restricted Stock Units (&quot;RSUs&quot;) vested on March 1, 2024, being the second anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date. This transaction is being reported late due to an inadvertent administrative oversight. Due to this administrative error, subsequent Form 4s filed on and after March 1, 2024 underreported the number of shares beneficially owned by the reporting person by 495 shares.</footnote>
        <footnote id="F3">This portion of Restricted Stock Units vested on March 1, 2025, being the third anniversary of the grant date. These RSUs were granted on March 1, 2022 and vest 33% on the second anniversary of the grant date and 67% on the third anniversary of the grant date.</footnote>
        <footnote id="F4">This portion of Restricted Stock Units vested on March 1, 2025, being the third anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2022 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.</footnote>
        <footnote id="F5">This portion of Restricted Stock Units vested on March 1, 2025, being the first anniversary of the date of grant. These Restricted Stock Units were granted on March 1, 2024 and vest 25% on each of the first, second, third and fourth anniversaries of the grant date.</footnote>
        <footnote id="F6">On March 1, 2022, the reporting person was granted performance stock units (with a target amount of 2,655), each of which represents the right to receive one share of ORA common stock upon vesting (the &quot;PSUs&quot;). Pursuant to their terms, the PSUs are not deemed vested until they are both performance-vested and time-vested. The PSUs performance vest on the third anniversary of the grant date, in an amount (between 0% and 150% of target) based on the issuer's achievement of relative total stockholder return from the grant date until such third anniversary, and time vest 25% on each of the first, second, third and fourth anniversaries of the grant date, based on the reporting person's continued service.</footnote>
        <footnote id="F7">On March 1, 2025, the third anniversary of the grant date of the PSUs, 100% of the PSUs performance vested in the following amount based on the issuer's achievement of relative total stockholder return during the three-year performance period: 2,222.  75% of such PSUs were immediately paid out, as they were time-vested based on the reporting person's continued service since the grant date. The remaining 25% of such PSUs remain subject to time-vesting through the fourth anniversary of the grant date, and were thus represented as RSUs.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jessica Woelfel, as attorney-in-fact</signatureName>
        <signatureDate>2025-03-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
