Sierra Juan Carlos Fuentes - Jan 4, 2024 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: Corporate Controller & CAO
Signature: /s/ Celia Perez, as attorney in fact
Stock symbol: RAIL
Transactions as of: Jan 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/8/2024, 05:37 PM
Previous filing: Jan 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIL	Common Stock	Award	$0	+19.1K	+75.63%	$0.00	44.3K	Jan 4, 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	+11.5K		$0.00	11.5K	Jan 4, 2024	Common Stock	11.5K	$2.73	Direct	F3, F4, F5
holding	RAIL	Employee Stock Option						9.35K	Jan 4, 2024	Common Stock	9.35K	$3.22	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	On January 6, 2023, the recipient was granted 9,346 options. 3,177 options are fully vested and currently exercisable, 3,084 options will vest on January 6, 2025 and 3,085 options will vest on January 6, 2026.