Michael Anthony Riordan - 04 Jan 2024 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: VP Finance, CFO and Treasurer
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, 17:34:35 UTC
Previous filing: 10 Jan 2023
Next filing: 13 Jan 2025
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	+59,341	+56%	$0.000000	165,086	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	+83,463		$0.000000	83,463	04 Jan 2024	Common Stock	83,463	$2.73	Direct	F3, F4, F5
holding	RAIL	Employee Stock Option						50,067	04 Jan 2024	Common Stock	50,067	$3.22	Direct	F6
holding	RAIL	Employee Stock Option						100,000	04 Jan 2024	Common Stock	100,000	$4.30	Direct	F7
holding	RAIL	Employee Stock Option						8,799	04 Jan 2024	Common Stock	8,799	$3.82	Direct	F8
holding	RAIL	Employee Stock Option						10,467	04 Jan 2024	Common Stock	10,467	$3.81	Direct	F9
holding	RAIL	Employee Stock Option						50,000	04 Jan 2024	Common Stock	50,000	$2.38	Direct	F10
holding	RAIL	Employee Stock Option						25,000	04 Jan 2024	Common Stock	25,000	$2.58	Direct	F11

* 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	On January 6, 2023 the recipient was granted 50,067 options. 17,022 options are fully vested and currently exercisable, 16,522 options will vest on January 6, 2025 and 16,523 options will vest on January 6, 2026.
F7	On March 21, 2022, the recipient was granted 100,000 options. 34,000 options are fully vested and currently exercisable, 33,000 options will vest on March 21, 2024 and 33,000 options will vest on March 21, 2025.
F8	On January 17, 2022, the recipient was granted 8,799 options. 2,991 options are fully vested and exercisable, 2,904 options will vest on January 17, 2024 and 2,904 options will vest on January 17, 2025.
F9	On January 28, 2021, the recipient was granted 10,467 options, 7,012 options are fully vested and currently exercisable and 3,455 options will vest on January 28, 2024.
F10	On January 5, 2021 the recipient was granted 50,000 cash-settled stock options which are fully vested and currently exercisable.
F11	On November 30, 2020 the recipient was granted 25,000 cash-settled stock appreciation rights which are fully vested and currently exercisable.