Nicholas J. Randall - 01 May 2024 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role
President and CEO, Director
Signature
/s/ Celia Perez, as attorney in fact
Issuer symbol
RAIL
Transactions as of
01 May 2024
Net transactions value
$0
Form type
4
Filing time
02 May 2024, 16:44:43 UTC
Previous filing
08 Jan 2024
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 +48,077 +47% $0.000000 151,099 01 May 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 +67,619 $0.000000 67,619 01 May 2024 Common Stock 67,619 $3.52 Direct F3, F4, F5
holding RAIL Employee Stock Option 300,000 01 May 2024 Common Stock 300,000 $2.73 Direct F6
holding RAIL Employee Stock Option 144,900 01 May 2024 Common Stock 144,900 $2.73 Direct F7
* 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 Issuer's 2022 Long Term Incentive Plan. Shares were granted on May 1, 2024 and will vest on May 1, 2027.
F2 Restricted shares granted pursuant to Issuer's 2022 Long Term Incentive Plan, for which no consideration was paid by recipient.
F3 Exempt issuance of options under Rule 16(b)-3 pursuant to Issuer's 2022 Long Term Incentive Plan.
F4 Options vest in three equal annual installments beginning on May 1, 2025.
F5 Options granted pursuant to Issuer's 2022 Long Term Incentive Plan, for which no consideration was paid by recipient.
F6 Options will vest on the later of (i) the first date on which the closing price of one share of Company 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.
F7 Options will vest in three equal annual installments beginning January 4, 2025.