Michael Anthony Riordan - Mar 21, 2022 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: VP Finance, CFO and Treasurer
Signature: /s/ Emily Varges, as attorney in fact
Stock symbol: RAIL
Transactions as of: Mar 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/23/2022, 06:25 PM
Previous filing: Jan 19, 2022
Next filing: Jun 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIL	Common Stock	Award	$0	+40K	+141.56%	$0.00	68.3K	Mar 21, 2022	Direct	F1, F2

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	RAIL	Employee Stock Option	Award	$0	+100K		$0.00	100K	Mar 21, 2022	Common stock	100K	$4.30	Direct	F3, F4, F5
holding	RAIL	Employee Stock Option						8.8K	Mar 21, 2022	Common stock	8.8K	$3.82	Direct	F6
holding	RAIL	Employee Stock Option						10.5K	Mar 21, 2022	Common stock	10.5K	$3.81	Direct	F7
holding	RAIL	Employee Stock Option						50K	Mar 21, 2022	Common stock	50K	$2.38	Direct	F8
holding	RAIL	Employee Stock Appreciation Right						25K	Mar 21, 2022	Common stock	25K	$2.58	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Exempt issuance of restricted shares under Rule 16 b-3 pursuant to the Issuer's 2018 Long Term Incentive Plan. These shares were granted on March 21, 2022 and will vest on March 21, 2025. The restricted shares are subject to certain restrictions (including possible forfeiture).
F2	The restricted shares were granted pursuant to the Issuer's 2018 Long Term Incentive Plan and no consideration was paid by the recipient for the restricted shares.
F3	Exempt issuance of options under Rule 16(b)-3 pursuant to the Issuer's 2018 Long Term Incentive Plan.
F4	The options vest in three equal annual installments beginning on March 21, 2023.
F5	The options were granted pursuant to the Issuer's 2018 Long Term Incentive Plan, for which no consideration was paid by the recipient.
F6	On January 17, 2022, the recipient was granted 8,799 options which will vest in three equal annual installments beginning on January 17, 2023.
F7	On January 28, 2021, the recipient was granted 10,467 options. 3,558 options are fully vested and currently exercisable, 3,454 options will vest on January 28, 2023 and 3,455 options will vest on January 28, 2024.
F8	On January 5, 2021 the recipient was granted 50,000 cash-settled stock options.17,000 cash-settled stock options are fully vested and currently exercisable, 16,500 cash-settled stock options will vest on January 5, 2023 and 16,500 cash-settled stock options will vest on January 5, 2024.
F9	On November 30, 2020 the recipient was granted 25,000 cash-settled stock appreciation rights. 8,500 cash-settled stock appreciation rights are fully vested and currently exercisable, 8,250 cash-settled stock appreciation rights will vest on November 30, 2022 and 8,250 cash-settled stock appreciation rights will vest on November 30, 2023.