Ofer Benyosef, Executive Vice President of Energy Storage & Business Development at ORMAT Technologies, Inc. (NASDAQ:ORA), sold 9,429 shares of company common stock on May 13, 2026. The shares were sold at $131.02 each, totaling approximately $1,235,387.
The transaction was executed under a Rule 10b5-1 trading plan adopted on June 26, 2025 and modified on December 12, 2025. On the same day, Benyosef also acquired 1,101 shares through the exercise of Stock Appreciation Rights (SARs) at an exercise price of $71.15 per share, valued at $78,336.
Concurrently, he disposed of 602 shares at $131.02 each, totaling $78,874, to cover tax obligations. Following these transactions, Benyosef holds no direct ORMAT common stock.
In other recent news, Ormat Technologies reported strong Q1 2026 results, with EPS of $1.30 beating estimates of $0.91, and revenue of $403.9 million exceeding forecasts by 15.74%.
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