Nicholas J. Randall - 04 Jan 2024 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role
Chief Operating Officer
Signature
/s/ Celia Perez, as attorney in fact
Issuer symbol
RAIL
Transactions as of
04 Jan 2024
Net transactions value
$0
Form type
4
Filing time
08 Jan 2024, 17:29:03 UTC
Previous filing
27 Jun 2023
Next filing
02 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAIL Common Stock Award $0 +103,022 $0.000000 103,022 04 Jan 2024 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 +144,900 $0.000000 144,900 04 Jan 2024 Common Stock 144,900 $2.73 Direct F3, F4, F5
holding RAIL Employee Stock Option 300,000 04 Jan 2024 Common Stock 300,000 $2.73 Direct F6
* 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 2022 Long Term Incentive Plan. These shares were granted on January 4, 2024 and will vest on January 4, 2027. The restricted shares are subject to certain restrictions (including possible forfeiture).
F2 The restricted shares were granted pursuant to the Issuer's 2022 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 2022 Long Term Incentive Plan.
F4 The options vest in three equal annual installments beginning on January 4, 2025.
F5 The options were granted pursuant to the Issuer's 2022 Long Term Incentive Plan, for which no consideration was paid by the recipient.
F6 Options will vest on the later of (i) the first date on which the closing price of one share of the Company's common stock is equal to or greater than 125% of the exercise price; and (ii) for 1/3 of the options on the first anniversary of the transaction date; for an additional 1/3 of the options, the second anniversary of the transaction date; for the final 1/3 of the options, the third anniversary of the transaction date.